Mitsubishi UFJ Trust & Banking Corp Sells 288,490 Shares of Cushman & Wakefield PLC $CWK

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,982 shares of the company’s stock after selling 288,490 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cushman & Wakefield were worth $5,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWK. EverSource Wealth Advisors LLC boosted its position in Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the last quarter. First Horizon Corp acquired a new position in Cushman & Wakefield during the third quarter worth $32,000. Osaic Holdings Inc. grew its position in Cushman & Wakefield by 85.9% in the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after purchasing an additional 2,012 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in Cushman & Wakefield in the 2nd quarter valued at $50,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Cushman & Wakefield by 48.7% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $64,000 after buying an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.5%

CWK stock opened at $16.61 on Friday. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.40. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.30 and a beta of 1.47. The company has a fifty day moving average price of $16.31 and a two-hundred day moving average price of $15.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. Cushman & Wakefield’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Equities analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. UBS Group increased their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Barclays reaffirmed a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

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.