Texas Permanent School Fund Corp Purchases 2,699 Shares of Cushman & Wakefield plc (NYSE:CWK)

Texas Permanent School Fund Corp boosted its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,877 shares of the company’s stock after acquiring an additional 2,699 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of Cushman & Wakefield worth $1,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after purchasing an additional 2,080 shares in the last quarter. Pale Fire Capital SE acquired a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $108,000. nVerses Capital LLC acquired a new stake in Cushman & Wakefield during the second quarter valued at approximately $116,000. Beacon Pointe Advisors LLC acquired a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $130,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Cushman & Wakefield during the second quarter valued at approximately $172,000. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Stock Performance

CWK stock opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day moving average price of $12.75 and a 200 day moving average price of $11.14. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $13.93. The stock has a market capitalization of $3.08 billion, a PE ratio of 336.63 and a beta of 1.31.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. Cushman & Wakefield’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. Analysts forecast that Cushman & Wakefield plc will post 0.87 EPS for the current year.

Cushman & Wakefield Company Profile

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.