Granite Investment Partners LLC Cuts Stock Holdings in Cushman & Wakefield PLC $CWK

Granite Investment Partners LLC lowered its position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,088,242 shares of the company's stock after selling 95,563 shares during the period. Granite Investment Partners LLC owned about 0.47% of Cushman & Wakefield worth $12,047,000 at the end of the most recent reporting period.

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Other institutional investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC increased its position in shares of Cushman & Wakefield by 1.0% in the second quarter. Yousif Capital Management LLC now owns 90,691 shares of the company's stock valued at $1,004,000 after acquiring an additional 934 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in shares of Cushman & Wakefield by 1.0% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 116,909 shares of the company's stock valued at $1,294,000 after buying an additional 1,118 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Cushman & Wakefield by 48.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company's stock worth $64,000 after acquiring an additional 1,900 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock worth $177,000 after buying an additional 2,656 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Cushman & Wakefield by 4.9% in the second quarter. Bank of Montreal Can now owns 61,130 shares of the company's stock worth $677,000 after acquiring an additional 2,876 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CWK shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. Citizens Jmp upped their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a "market outperform" rating in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 22nd. Citigroup upgraded Cushman & Wakefield from a "neutral" rating to a "buy" rating and set a $18.00 price objective on the stock in a research report on Thursday, November 20th. Finally, UBS Group boosted their target price on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.38.

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View Our Latest Analysis on Cushman & Wakefield

Insider Buying and Selling

In related news, Director Angela Sun sold 6,800 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director owned 46,498 shares in the company, valued at $744,897.96. This represents a 12.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.50% of the company's stock.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $16.65 on Tuesday. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.33. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 17.34 and a beta of 1.45. The firm has a 50-day moving average of $15.86 and a two-hundred day moving average of $13.79. 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 - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Cushman & Wakefield Company 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.

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