Cushman & Wakefield PLC $CWK Stake Raised by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 176.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,092 shares of the company’s stock after purchasing an additional 143,092 shares during the quarter. Quantinno Capital Management LP owned 0.10% of Cushman & Wakefield worth $2,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CWK. Royal Bank of Canada increased its stake in Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after purchasing an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cushman & Wakefield by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after acquiring an additional 5,929 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $139,000. Jane Street Group LLC lifted its stake in Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after acquiring an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at $218,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nathaniel Robinson sold 24,828 shares of the business’s 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 of the company’s stock, valued at $939,107. The trade was a 25.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.74% of the company’s stock.

Cushman & Wakefield Stock Down 0.3%

Shares of NYSE CWK opened at $13.79 on Monday. Cushman & Wakefield PLC has a 52-week low of $11.56 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. The business has a fifty day moving average of $13.36 and a two-hundred day moving average of $13.55. The stock has a market cap of $3.23 billion, a PE ratio of 47.56 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. As a group, equities research analysts expect that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWK. Weiss Ratings upgraded Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

About Cushman & Wakefield

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.