Louisiana State Employees Retirement System Makes New $908,000 Investment in Cushman & Wakefield plc (NYSE:CWK)

Louisiana State Employees Retirement System purchased a new stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 84,100 shares of the company's stock, valued at approximately $908,000.

A number of other institutional investors have also recently made changes to their positions in CWK. Barclays PLC lifted its position in Cushman & Wakefield by 1.9% during the third quarter. Barclays PLC now owns 104,697 shares of the company's stock valued at $797,000 after purchasing an additional 1,983 shares during the period. Paralel Advisors LLC raised its position in Cushman & Wakefield by 1.3% in the third quarter. Paralel Advisors LLC now owns 181,657 shares of the company's stock worth $1,384,000 after acquiring an additional 2,268 shares during the period. Olympiad Research LP raised its position in Cushman & Wakefield by 13.2% in the third quarter. Olympiad Research LP now owns 20,006 shares of the company's stock worth $152,000 after acquiring an additional 2,332 shares during the period. Allspring Global Investments Holdings LLC raised its position in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company's stock worth $88,000 after acquiring an additional 2,737 shares during the period. Finally, Swiss National Bank raised its position in Cushman & Wakefield by 1.0% in the third quarter. Swiss National Bank now owns 349,400 shares of the company's stock worth $2,662,000 after acquiring an additional 3,400 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CWK. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a "buy" rating and a $13.00 price target on the stock. Raymond James downgraded shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price target on the stock. in a research report on Wednesday, April 3rd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.08.

Cushman & Wakefield Price Performance

Shares of NYSE CWK traded up $0.15 during midday trading on Friday, reaching $9.72. The stock had a trading volume of 1,285,263 shares, compared to its average volume of 2,063,274. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -57.18 and a beta of 1.34. The stock has a 50-day moving average of $9.96 and a 200-day moving average of $9.44. Cushman & Wakefield plc has a 12-month low of $6.24 and a 12-month high of $11.76. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $1.78 billion. During the same period last year, the company posted $0.46 earnings per share. Cushman & Wakefield's quarterly revenue was down 3.6% on a year-over-year basis. As a group, research analysts anticipate that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the transaction, the insider now directly owns 40,427 shares of the company's stock, valued at approximately $403,865.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the sale, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company's stock, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company's stock.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.