Kennedy Capital Management LLC Acquires 397,943 Shares of Cushman & Wakefield PLC $CWK

Kennedy Capital Management LLC grew its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 83.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 877,200 shares of the company’s stock after purchasing an additional 397,943 shares during the period. Kennedy Capital Management LLC owned approximately 0.38% of Cushman & Wakefield worth $14,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of Cushman & Wakefield in the third quarter valued at approximately $3,538,000. Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the third quarter valued at approximately $55,665,000. Lighthouse Investment Partners LLC bought a new stake in shares of Cushman & Wakefield in the third quarter valued at approximately $7,558,000. Bessemer Group Inc. raised its position in shares of Cushman & Wakefield by 62,083.6% in the fourth quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock valued at $14,115,000 after purchasing an additional 870,412 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Cushman & Wakefield by 155.9% in the third quarter. Envestnet Asset Management Inc. now owns 476,359 shares of the company’s stock valued at $7,584,000 after purchasing an additional 290,229 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $13.50 on Monday. The firm’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $14.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $3.16 billion, a PE ratio of 42.19 and a beta of 1.45. Cushman & Wakefield PLC has a 1-year low of $10.14 and a 1-year high of $17.40.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the sale, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.74% of the company’s stock.

Cushman & Wakefield 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.