VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Cushman & Wakefield PLC $CWK

Key Points

• Virginia Retirement Systems acquired 113,200 shares of Cushman & Wakefield in the second quarter, valued at approximately $1.52 million. Institutional investors collectively own 95.56% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $17.57.
• Cushman & Wakefield reported quarterly revenue of $2.76 billion and earnings of $0.35 per share. The stock recently traded at $12.91, while two company insiders sold shares in separate transactions.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 113,200 shares of the company's stock, valued at approximately $1,516,000.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Cushman & Wakefield by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company's stock valued at $162,424,000 after purchasing an additional 397,892 shares during the period. Bank of America Corp DE grew its position in Cushman & Wakefield by 13.2% during the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company's stock worth $26,070,000 after purchasing an additional 247,475 shares during the period. Quantinno Capital Management LP grew its position in Cushman & Wakefield by 176.7% during the 1st quarter. Quantinno Capital Management LP now owns 224,092 shares of the company's stock worth $2,747,000 after purchasing an additional 143,092 shares during the period. Sei Investments Co. raised its stake in shares of Cushman & Wakefield by 17.8% during the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company's stock valued at $13,951,000 after buying an additional 171,956 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Cushman & Wakefield by 62,083.6% during the 4th quarter. Bessemer Group Inc. now owns 871,814 shares of the company's stock valued at $14,115,000 after buying an additional 870,412 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a "buy" rating in a research note on Friday, May 22nd. Barclays lifted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday, August 17th. Weiss Ratings upgraded Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Finally, UBS Group dropped their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.57.

Cushman & Wakefield Trading Up 1.8%

Shares of Cushman & Wakefield stock opened at $12.91 on Friday. The firm has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $13.35. The company has a market cap of $3.03 billion, a P/E ratio of 44.53 and a beta of 1.44. Cushman & Wakefield PLC has a fifty-two week low of $11.56 and a fifty-two week high of $17.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%.The firm had revenue of $2.76 billion for the quarter. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Laurida Sayed sold 16,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the transaction, the insider directly owned 5,461 shares of the company's stock, valued at $75,798.68. This represents a 74.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nathaniel Robinson sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider directly owned 58,376 shares of the company's stock, valued at approximately $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company's stock.

About Cushman & Wakefield

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.

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