Empowered Funds LLC Increases Holdings in Cushman & Wakefield plc (NYSE:CWK)

Empowered Funds LLC raised its stake in Cushman & Wakefield plc (NYSE:CWK) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,230 shares of the company’s stock after purchasing an additional 1,180 shares during the quarter. Empowered Funds LLC’s holdings in Cushman & Wakefield were worth $153,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after acquiring an additional 1,110,076 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after purchasing an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Cushman & Wakefield by 12.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock valued at $64,571,000 after purchasing an additional 697,890 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Cushman & Wakefield by 18.8% during the 1st quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock worth $46,032,000 after buying an additional 695,005 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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.

Cushman & Wakefield Price Performance

CWK opened at $15.23 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 1 year low of $8.09 and a 1 year high of $16.11. The stock has a fifty day moving average price of $13.58 and a 200 day moving average price of $12.38. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 41.03 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts forecast 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.