Public Sector Pension Investment Board Purchases 277,689 Shares of Cushman & Wakefield PLC $CWK

Key Points

• The Public Sector Pension Investment Board increased its stake in **Cushman & Wakefield PLC** by **48.6%**, purchasing **277,689 shares** in the first quarter, bringing its total ownership to about **849,471 shares** valued at approximately **$8.68 million**.
• Shares of **Cushman & Wakefield** fell **0.7%** to **$14.80** with a market capitalization of **$3.43 billion** and a price-to-earnings ratio of **16.82**.
• Wall Street analysts have shown increased confidence in the stock, with upgrades from several firms leading to target prices reaching up to **$17.50**, and an average rating of **"Moderate Buy."**

Public Sector Pension Investment Board boosted its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 48.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849,471 shares of the company's stock after buying an additional 277,689 shares during the period. Public Sector Pension Investment Board owned about 0.37% of Cushman & Wakefield worth $8,682,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Cushman & Wakefield by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock valued at $151,551,000 after acquiring an additional 736,955 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Cushman & Wakefield by 2.1% during the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company's stock valued at $95,866,000 after acquiring an additional 194,970 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Cushman & Wakefield by 0.4% during the fourth quarter. Ameriprise Financial Inc. now owns 3,951,305 shares of the company's stock valued at $51,683,000 after acquiring an additional 17,050 shares during the period. Northern Trust Corp lifted its holdings in shares of Cushman & Wakefield by 17.0% during the fourth quarter. Northern Trust Corp now owns 3,783,117 shares of the company's stock valued at $49,483,000 after acquiring an additional 549,718 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cushman & Wakefield by 54.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after acquiring an additional 1,084,940 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Trading Up 1.4%

Shares of Cushman & Wakefield stock traded up $0.2050 during trading on Tuesday, hitting $15.0550. 570,949 shares of the company were exchanged, compared to its average volume of 2,081,706. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average price is $11.89 and its 200 day moving average price is $10.97. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11. The firm has a market capitalization of $3.49 billion, a P/E ratio of 17.11 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the firm earned $0.20 EPS. Cushman & Wakefield's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CWK. JMP Securities lifted their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Wall Street Zen raised Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Citizens Jmp initiated coverage on Cushman & Wakefield in a report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target for the company. Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.38.

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.