Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,453,840 shares of the company’s stock after selling 648,559 shares during the quarter. Thrivent Financial for Lutherans owned 2.38% of Cushman & Wakefield worth $71,336,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CWK. KBC Group NV lifted its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares during the period. CIBC Asset Management Inc raised its position in Cushman & Wakefield by 10.5% in the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after acquiring an additional 1,421 shares in the last quarter. Empowered Funds LLC raised its position in Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after acquiring an additional 1,180 shares in the last quarter. Natixis Advisors LLC raised its position in Cushman & Wakefield by 46.7% in the third quarter. Natixis Advisors LLC now owns 1,697,534 shares of the company’s stock worth $23,137,000 after acquiring an additional 540,700 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Cushman & Wakefield by 6.5% in the third quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock worth $470,000 after acquiring an additional 2,102 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on CWK shares. The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.40.

Cushman & Wakefield Trading Down 2.3 %

Cushman & Wakefield stock opened at $10.48 on Wednesday. The stock has a market cap of $2.41 billion, a PE ratio of 19.05 and a beta of 1.40. The stock has a 50-day moving average price of $12.46 and a 200 day moving average price of $13.25. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.