Olstein Capital Management L.P. Sells 23,000 Shares of Cushman & Wakefield plc (NYSE:CWK)

Olstein Capital Management L.P. trimmed its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 13.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 148,000 shares of the company’s stock after selling 23,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Cushman & Wakefield were worth $1,936,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after purchasing an additional 2,027 shares during the period. GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after acquiring an additional 1,629 shares in the last quarter. Profund Advisors LLC bought a new position in Cushman & Wakefield during the second quarter worth about $105,000. KBC Group NV grew its stake in Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares during the period. Finally, CWM LLC increased its holdings in shares of Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company’s stock worth $125,000 after acquiring an additional 3,699 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Up 0.6 %

Shares of Cushman & Wakefield stock opened at $13.53 on Friday. The firm has a market cap of $3.10 billion, a PE ratio of 36.55 and a beta of 1.34. The business’s 50 day simple moving average is $13.81 and its 200 day simple moving average is $13.33. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. On average, analysts predict that Cushman & Wakefield plc will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CWK shares. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.