Natixis Advisors LLC Acquires 540,700 Shares of Cushman & Wakefield plc (NYSE:CWK)

Natixis Advisors LLC raised its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 46.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,697,534 shares of the company’s stock after acquiring an additional 540,700 shares during the period. Natixis Advisors LLC owned approximately 0.74% of Cushman & Wakefield worth $23,137,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Swiss National Bank boosted its stake in Cushman & Wakefield by 14.6% during the 1st quarter. Swiss National Bank now owns 359,000 shares of the company’s stock worth $3,755,000 after acquiring an additional 45,700 shares during the last quarter. American Century Companies Inc. boosted its position in shares of 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 purchasing an additional 43,941 shares in the last quarter. Algert Global LLC boosted its position in shares of Cushman & Wakefield by 821.0% during the second quarter. Algert Global LLC now owns 698,944 shares of the company’s stock worth $7,269,000 after purchasing an additional 623,054 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Cushman & Wakefield by 22.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,253 shares of the company’s stock valued at $2,839,000 after buying an additional 50,169 shares during the period. Finally, US Bancorp DE bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $569,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Raymond James boosted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Stock Performance

CWK opened at $13.93 on Tuesday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 37.64 and a beta of 1.30. The business’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $12.21. Cushman & Wakefield plc has a 1 year low of $8.09 and a 1 year high of $16.11. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.