Cushman & Wakefield PLC $CWK Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,248,848 shares of the company’s stock after purchasing an additional 397,892 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Cushman & Wakefield worth $162,424,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CWK. Balyasny Asset Management L.P. raised its holdings in shares of Cushman & Wakefield by 128.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares during the last quarter. Channing Capital Management LLC boosted its position in shares of Cushman & Wakefield by 46.0% during the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after buying an additional 1,609,190 shares during the period. Bamco Inc. NY bought a new position in Cushman & Wakefield in the 4th quarter worth approximately $23,982,000. Millennium Management LLC grew its holdings in Cushman & Wakefield by 374.6% in the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after buying an additional 1,354,476 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after acquiring an additional 1,233,055 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 2.1%

Shares of NYSE:CWK opened at $12.73 on Friday. The company has a 50 day moving average of $13.18 and a 200-day moving average of $13.79. 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 cap of $2.98 billion, a P/E ratio of 39.79 and a beta of 1.44. Cushman & Wakefield PLC has a twelve month low of $11.56 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Cushman & Wakefield PLC will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on CWK shares. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings raised Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. Finally, Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Transactions at Cushman & Wakefield

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