Teza Capital Management LLC grew its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 124.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,797 shares of the company's stock after purchasing an additional 34,807 shares during the period. Teza Capital Management LLC's holdings in Cushman & Wakefield were worth $821,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after acquiring an additional 806,684 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cushman & Wakefield by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock worth $163,164,000 after acquiring an additional 1,094,260 shares during the period. Dimensional Fund Advisors LP raised 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 worth $151,551,000 after acquiring an additional 736,955 shares during the period. Channing Capital Management LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $61,732,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cushman & Wakefield by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock worth $52,683,000 after acquiring an additional 52,178 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Citigroup dropped their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. UBS Group lowered their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group lowered 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 note on Wednesday, March 19th. JPMorgan Chase & Co. lowered 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 note on Thursday, April 10th. Finally, Morgan Stanley lowered their price target on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and a consensus price target of $12.93.
View Our Latest Research Report on Cushman & Wakefield
Cushman & Wakefield Stock Down 1.7%
Shares of CWK stock opened at $10.37 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The firm's fifty day moving average price is $9.58 and its two-hundred day moving average price is $12.09. The firm has a market capitalization of $2.40 billion, a P/E ratio of 18.85 and a beta of 1.37.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.26 billion. The company's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.
Cushman & Wakefield Company Profile
(
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.
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