Evolve Private Wealth LLC Invests $485,000 in Cushman & Wakefield PLC $CWK

Evolve Private Wealth LLC bought a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,520 shares of the company’s stock, valued at approximately $485,000.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Cushman & Wakefield by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock worth $204,000 after buying an additional 865 shares during the last quarter. Oregon Public Employees Retirement Fund increased 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 during the last quarter. First Horizon Corp raised its position in shares of Cushman & Wakefield by 52.0% during the 4th quarter. First Horizon Corp now owns 3,040 shares of the company’s stock worth $49,000 after acquiring an additional 1,040 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Cushman & Wakefield by 9.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,477 shares of the company’s stock worth $202,000 after acquiring an additional 1,061 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Cushman & Wakefield by 6.6% during the 2nd quarter. First Trust Advisors LP now owns 17,567 shares of the company’s stock worth $194,000 after acquiring an additional 1,091 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, 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 Stock Performance

Shares of CWK opened at $13.01 on Friday. 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 $3.05 billion, a PE ratio of 40.65 and a beta of 1.44. The company’s 50 day simple moving average is $13.42 and its 200-day simple moving average is $14.14. Cushman & Wakefield PLC has a 12-month low of $10.74 and a 12-month high of $17.40.

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

Wall Street Analysts Forecast Growth

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

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.