Cushman & Wakefield PLC $CWK Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 486.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,117,297 shares of the company’s stock after buying an additional 926,664 shares during the quarter. New York State Common Retirement Fund’s holdings in Cushman & Wakefield were worth $17,787,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CWK. First Horizon Corp acquired a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its stake in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Cushman & Wakefield by 85.9% in the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after acquiring an additional 2,012 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Cushman & Wakefield during the second quarter worth approximately $50,000. Finally, GAMMA Investing LLC increased its holdings in shares of Cushman & Wakefield by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after acquiring an additional 867 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CWK has been the subject of several research reports. Barclays reiterated a “positive” rating and issued a $19.00 price target on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. JMP Securities set a $19.00 target price on shares of Cushman & Wakefield in a report on Monday, November 3rd. Citigroup upgraded shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Morgan Stanley reissued an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a report on Friday, January 16th. Finally, UBS Group upped their price objective on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and an average target price of $18.56.

Cushman & Wakefield Stock Down 1.1%

CWK stock opened at $16.44 on Monday. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.40. The stock has a market capitalization of $3.81 billion, a PE ratio of 17.13 and a beta of 1.47. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $16.32 and a 200-day moving average of $15.52.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.