Cushman & Wakefield PLC (CWK) Shares Sold by Deutsche Bank AG
Deutsche Bank AG lowered its position in Cushman & Wakefield PLC (NYSE:CWK) by 31.7% during the 4th quarter, HoldingsChannel reports. The firm owned 62,064 shares of the company’s stock after selling 28,859 shares during the quarter. Deutsche Bank AG’s holdings in Cushman & Wakefield were worth $896,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Cushman & Wakefield in the third quarter worth approximately $166,972,000. FMR LLC grew its stake in Cushman & Wakefield by 3.1% in the fourth quarter. FMR LLC now owns 7,856,297 shares of the company’s stock worth $113,680,000 after purchasing an additional 234,370 shares in the last quarter. Vanguard Group Inc. bought a new position in Cushman & Wakefield in the third quarter worth approximately $59,054,000. Vanguard Group Inc bought a new position in Cushman & Wakefield in the third quarter worth approximately $59,054,000. Finally, Lakewood Capital Management LP grew its stake in Cushman & Wakefield by 24.7% in the fourth quarter. Lakewood Capital Management LP now owns 2,972,350 shares of the company’s stock worth $43,010,000 after purchasing an additional 588,000 shares in the last quarter. 26.69% of the stock is currently owned by institutional investors.
Shares of NYSE CWK opened at $18.42 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.35. The firm has a market cap of $3.84 billion and a price-to-earnings ratio of -16.90. Cushman & Wakefield PLC has a 12-month low of $13.25 and a 12-month high of $19.79.
Separately, Bank of America set a $21.00 price objective on Cushman & Wakefield and gave the stock a “buy” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.11.
In other Cushman & Wakefield news, major shareholder Teachers Pension Plan Ontario sold 1,788,346 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $17.08, for a total transaction of $30,544,949.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider W Brett White sold 137,172 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.08, for a total value of $2,342,897.76. The disclosure for this sale can be found here. Insiders have sold a total of 3,897,552 shares of company stock worth $66,609,803 in the last ninety days.
Cushman & Wakefield Profile
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
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