The Manufacturers Life Insurance Company Acquires 24,697 Shares of Cushman & Wakefield plc (NYSE:CWK)

The Manufacturers Life Insurance Company lifted its stake in Cushman & Wakefield plc (NYSE:CWK) by 43.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 81,974 shares of the company’s stock after buying an additional 24,697 shares during the period. The Manufacturers Life Insurance Company’s holdings in Cushman & Wakefield were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CWK. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 1,110,076 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 buying an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after buying an additional 1,910,212 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Cushman & Wakefield by 12.7% in 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 buying an additional 697,890 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 acquiring an additional 695,005 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $12.53 on Monday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 313.25 and a beta of 1.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.83. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $13.99. The firm has a 50 day moving average of $12.91 and a 200-day moving average of $11.54.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. As a group, sell-side analysts anticipate that Cushman & Wakefield plc will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CWK. Raymond James upped 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. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus target price of $12.80.

Cushman & Wakefield Company Profile

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.