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

Crossmark Global Holdings Inc. acquired a new position in Cushman & Wakefield PLC (NYSE:CWK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 32,610 shares of the company's stock, valued at approximately $333,000.

Several other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of Cushman & Wakefield by 820.3% during the 4th 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 last quarter. RiverPark Advisors LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $150,000. AXQ Capital LP acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $169,000. Jane Street Group LLC boosted its holdings in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock worth $190,000 after purchasing an additional 837,554 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $197,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CWK. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. UBS Group lifted their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.43.

Cushman & Wakefield Trading Up 0.6%

NYSE CWK traded up $0.06 on Thursday, reaching $11.28. The stock had a trading volume of 2,027,644 shares, compared to its average volume of 1,958,409. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 16.35 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.11. The stock has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $11.02.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The company 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 company's revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

About Cushman & Wakefield

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.