Crossmark Global Holdings Inc. Makes New $333,000 Investment in Cushman & Wakefield PLC (NYSE:CWK)

Crossmark Global Holdings Inc. purchased a new position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,610 shares of the company's stock, valued at approximately $333,000.

A number of other institutional investors also recently made changes to their positions in CWK. Sterling Capital Management LLC lifted its position in Cushman & Wakefield by 820.3% in the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after purchasing an additional 6,431 shares during the period. RiverPark Advisors LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth $150,000. AXQ Capital LP bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth $169,000. Jane Street Group LLC lifted its holdings in shares of Cushman & Wakefield by 101.8% in the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after buying an additional 837,554 shares during the period. Finally, First Trust Advisors LP bought a new position in Cushman & Wakefield during the fourth quarter valued at about $197,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Down 0.6%

NYSE:CWK traded down $0.08 during trading hours on Monday, hitting $11.63. 1,988,639 shares of the stock traded hands, compared to its average volume of 2,019,281. The firm has a 50 day moving average price of $10.59 and a 200 day moving average price of $11.04. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 16.85 and a beta of 1.43. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.64.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The firm's revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report 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 on the stock in a research report on Wednesday, March 19th. Finally, Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $13.43.

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.