Axiom Investors LLC DE Sells 52,556 Shares of Cushman & Wakefield PLC $CWK

Axiom Investors LLC DE lowered its stake in Cushman & Wakefield PLC (NYSE:CWK) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 977,095 shares of the company’s stock after selling 52,556 shares during the quarter. Axiom Investors LLC DE’s holdings in Cushman & Wakefield were worth $15,819,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Cushman & Wakefield by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock worth $174,000 after purchasing an additional 600 shares during the period. Cerity Partners LLC boosted its stake in Cushman & Wakefield by 7.4% in the 4th quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock worth $204,000 after purchasing an additional 865 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Cushman & Wakefield by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock valued at $859,000 after acquiring an additional 900 shares in the last quarter. First Horizon Corp raised its holdings in shares of Cushman & Wakefield by 52.0% in the 4th quarter. First Horizon Corp now owns 3,040 shares of the company’s stock valued at $49,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Cushman & Wakefield by 9.3% in the 4th quarter. Sanctuary Advisors LLC now owns 12,477 shares of the company’s stock valued at $202,000 after acquiring an additional 1,061 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $13.85 on Wednesday. The business’s 50-day moving average price is $13.37 and its two-hundred day moving average price is $14.41. Cushman & Wakefield PLC has a twelve month low of $10.14 and a twelve month high of $17.40. The stock has a market cap of $3.25 billion, a P/E ratio of 43.30 and a beta of 1.44. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 EPS. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lowered their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Weiss Ratings cut Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.00.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.