Cetera Trust Company N.A Reduces Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Cetera Trust Company N.A lessened its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,550 shares of the company’s stock after selling 1,225 shares during the quarter. Cetera Trust Company N.A’s holdings in Cushman & Wakefield were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares in the last quarter. American Century Companies Inc. increased its position in Cushman & Wakefield by 15.5% during the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock worth $3,401,000 after buying an additional 43,941 shares in the last quarter. Algert Global LLC raised its holdings in shares of Cushman & Wakefield by 821.0% in the second quarter. Algert Global LLC now owns 698,944 shares of the company’s stock worth $7,269,000 after acquiring an additional 623,054 shares during the last quarter. State Street Corp raised its holdings in shares of Cushman & Wakefield by 9.8% in the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Cushman & Wakefield in the third quarter worth $4,942,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group lowered shares of 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 research report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Trading Down 1.2 %

NYSE CWK opened at $13.51 on Wednesday. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The company has a 50-day moving average of $13.87 and a 200-day moving average of $13.27. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $3.10 billion, a P/E ratio of 36.41 and a beta of 1.34.

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

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.