New York State Common Retirement Fund lifted its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,450,191 shares of the company's stock after purchasing an additional 154,203 shares during the quarter. New York State Common Retirement Fund owned 0.63% of Cushman & Wakefield worth $14,821,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $1,003,000. Principal Financial Group Inc. raised its position in Cushman & Wakefield by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after buying an additional 32,795 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Cushman & Wakefield by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after acquiring an additional 11,247 shares during the period. Finally, Norges Bank bought a new position in shares of Cushman & Wakefield during the 4th quarter valued at approximately $38,720,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Cushman & Wakefield Stock Up 0.6%
Cushman & Wakefield stock opened at $11.28 on Friday. The company's 50-day moving average price is $10.69 and its two-hundred day moving average price is $11.02. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11. The stock has a market cap of $2.61 billion, a P/E 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 (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on CWK shares. UBS Group raised their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of "Hold" and an average price target of $13.43.
Get Our Latest Analysis on Cushman & Wakefield
About Cushman & Wakefield
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cushman & Wakefield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cushman & Wakefield wasn't on the list.
While Cushman & Wakefield currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
