Vulcan Value Partners LLC Sells 481,409 Shares of Cushman & Wakefield plc (NYSE:CWK)

Vulcan Value Partners LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 11.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,594,573 shares of the company’s stock after selling 481,409 shares during the quarter. Cushman & Wakefield accounts for approximately 0.8% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 25th largest position. Vulcan Value Partners LLC’s holdings in Cushman & Wakefield were worth $47,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. boosted its holdings in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after acquiring an additional 928 shares in the last quarter. Sterling Capital Management LLC increased its position in Cushman & Wakefield by 820.3% during the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after purchasing an additional 6,431 shares during the period. Ieq Capital LLC purchased a new position in Cushman & Wakefield during the 4th quarter valued at $135,000. Finally, Jones Financial Companies Lllp raised its holdings in Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after purchasing an additional 6,600 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CWK shares. Morgan Stanley cut their target price on shares of Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup reduced their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. Finally, UBS Group cut their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.93.

Cushman & Wakefield Stock Down 1.7 %

CWK opened at $8.81 on Friday. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The firm has a 50 day moving average price of $10.09 and a 200-day moving average price of $12.43. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 16.02 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Cushman & Wakefield Company Profile

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.