Glenmede Trust Co. NA Sells 17,419 Shares of Cushman & Wakefield plc (NYSE:CWK)

Glenmede Trust Co. NA decreased its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,278,614 shares of the company’s stock after selling 17,419 shares during the period. Glenmede Trust Co. NA’s holdings in Cushman & Wakefield were worth $17,428,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. GAMMA Investing LLC increased its holdings in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after buying an additional 1,629 shares during the period. CWM LLC grew its position in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after purchasing an additional 2,080 shares during the period. KBC Group NV raised its position in Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in shares of Cushman & Wakefield in the second quarter worth about $105,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $15.48 on Friday. Cushman & Wakefield plc has a 1 year low of $8.09 and a 1 year high of $16.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average price is $13.69 and its 200 day moving average price is $12.46. The stock has a market capitalization of $3.55 billion, a P/E ratio of 41.84 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. As a group, equities research analysts anticipate that Cushman & Wakefield plc will post 0.86 earnings per share for the current fiscal year.

Cushman & Wakefield 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.