Amalgamated Bank Boosts Stake in Cushman & Wakefield plc (NYSE:CWK)

Amalgamated Bank raised its stake in Cushman & Wakefield plc (NYSE:CWK) by 18.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,192 shares of the company’s stock after purchasing an additional 9,399 shares during the period. Amalgamated Bank’s holdings in Cushman & Wakefield were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CWK. Swiss National Bank boosted its holdings in shares of Cushman & Wakefield by 14.6% during the first quarter. Swiss National Bank now owns 359,000 shares of the company’s stock worth $3,755,000 after purchasing an additional 45,700 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cushman & Wakefield by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after buying an additional 1,098,245 shares in the last quarter. Sei Investments Co. grew its position in Cushman & Wakefield by 52.8% during the 1st quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock worth $6,889,000 after purchasing an additional 227,519 shares in the last quarter. Norges Bank acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at about $18,742,000. Finally, American Century Companies Inc. raised its holdings 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 acquiring an additional 43,941 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Down 1.1 %

CWK opened at $13.65 on Friday. The company has a 50-day simple moving average of $12.93 and a 200 day simple moving average of $11.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. Cushman & Wakefield plc has a twelve month low of $6.24 and a twelve month high of $13.99. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 341.25 and a beta of 1.31.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company earned $0.22 EPS. Cushman & Wakefield’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts predict that Cushman & Wakefield plc will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.