613,825 Shares in Cushman & Wakefield plc (NYSE:CWK) Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC purchased a new stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 613,825 shares of the company's stock, valued at approximately $8,029,000. Lord Abbett & CO. LLC owned approximately 0.27% of Cushman & Wakefield at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Channing Capital Management LLC bought a new stake in Cushman & Wakefield in the fourth quarter worth $61,732,000. Norges Bank purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth about $38,720,000. Raymond James Financial Inc. purchased a new stake in shares of Cushman & Wakefield in the fourth quarter worth approximately $25,964,000. Next Century Growth Investors LLC bought a new stake in shares of Cushman & Wakefield during the 4th quarter worth approximately $16,580,000. Finally, New York State Common Retirement Fund boosted its holdings in Cushman & Wakefield by 579.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after acquiring an additional 1,105,355 shares during the period. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Up 5.0 %

NYSE:CWK traded up $0.48 during trading hours on Friday, reaching $10.08. The company's stock had a trading volume of 2,591,957 shares, compared to its average volume of 2,133,453. The stock has a 50 day moving average price of $9.83 and a two-hundred day moving average price of $12.32. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The company has a market capitalization of $2.32 billion, a P/E ratio of 18.33 and a beta of 1.26. Cushman & Wakefield plc has a 12 month low of $7.64 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of recent analyst reports. UBS Group reduced their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Finally, Morgan Stanley dropped their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and a consensus price target of $12.93.

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.