State of New Jersey Common Pension Fund D Purchases 31,004 Shares of Cushman & Wakefield PLC $CWK

State of New Jersey Common Pension Fund D increased its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 18.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,784 shares of the company’s stock after purchasing an additional 31,004 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Cushman & Wakefield worth $2,167,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CWK. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Cushman & Wakefield by 46.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after purchasing an additional 3,842,859 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cushman & Wakefield by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company’s stock valued at $123,300,000 after acquiring an additional 478,484 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Cushman & Wakefield by 2.1% during the first quarter. Victory Capital Management Inc. now owns 9,380,276 shares of the company’s stock valued at $95,866,000 after acquiring an additional 194,970 shares during the period. Channing Capital Management LLC lifted its stake in shares of Cushman & Wakefield by 13.8% during the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company’s stock valued at $54,874,000 after acquiring an additional 649,705 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Cushman & Wakefield by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 4,022,204 shares of the company’s stock valued at $41,107,000 after acquiring an additional 70,899 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $16.82 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $17.33. The firm has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $12.66. The stock has a market capitalization of $3.89 billion, a PE ratio of 19.11 and a beta of 1.51.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In other news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price on the stock in a research note on Friday, August 8th. UBS Group increased their target price on Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Citizens Jmp initiated coverage on Cushman & Wakefield in a research note on Monday, July 21st. They set a “strong-buy” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Cushman & Wakefield Profile

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.