New York State Common Retirement Fund Buys 1,105,355 Shares of Cushman & Wakefield plc (NYSE:CWK)

New York State Common Retirement Fund increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 579.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,295,988 shares of the company’s stock after purchasing an additional 1,105,355 shares during the period. New York State Common Retirement Fund’s holdings in Cushman & Wakefield were worth $16,952,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. XTX Topco Ltd grew its stake in Cushman & Wakefield by 4.8% during the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock worth $271,000 after purchasing an additional 903 shares during the period. Blue Trust Inc. grew its stake in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the period. Empowered Funds LLC grew its stake in Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after purchasing an additional 1,180 shares during the period. CIBC Asset Management Inc grew its stake in Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Cushman & Wakefield by 1.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock worth $1,974,000 after purchasing an additional 1,769 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CWK has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research note on Friday. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.00.

Cushman & Wakefield Trading Down 4.6 %

Shares of Cushman & Wakefield stock opened at $11.68 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The stock has a 50 day moving average price of $13.12 and a two-hundred day moving average price of $13.42. The stock has a market capitalization of $2.68 billion, a PE ratio of 21.23 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share 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.