Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 252.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 809,054 shares of the company’s stock after acquiring an additional 579,805 shares during the quarter. Intech Investment Management LLC owned approximately 0.35% of Cushman & Wakefield worth $10,582,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Cibc World Markets Corp acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at $280,000. Natixis Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 7.6% in the 4th quarter. Natixis Advisors LLC now owns 1,827,340 shares of the company’s stock valued at $23,901,000 after purchasing an additional 129,806 shares during the last quarter. Vestcor Inc boosted its holdings in shares of Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company’s stock valued at $923,000 after purchasing an additional 53,602 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Cushman & Wakefield by 0.6% in the 4th quarter. Swiss National Bank now owns 450,900 shares of the company’s stock valued at $5,898,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cushman & Wakefield by 19.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 836,188 shares of the company’s stock valued at $10,937,000 after purchasing an additional 138,341 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CWK shares. The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a report on Friday, February 21st. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus target price of $14.40.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $10.71 on Tuesday. Cushman & Wakefield plc has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.46 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The firm’s fifty day moving average price is $12.50 and its 200 day moving average price is $13.27.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

About Cushman & Wakefield

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.