Allspring Global Investments Holdings LLC Makes New $7.50 Million Investment in Cushman & Wakefield plc (NYSE:CWK)

Allspring Global Investments Holdings LLC bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 573,106 shares of the company’s stock, valued at approximately $7,496,000. Allspring Global Investments Holdings LLC owned 0.25% of Cushman & Wakefield as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC lifted its position in Cushman & Wakefield by 67.6% in the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after acquiring an additional 3,699 shares in the last quarter. Blue Trust Inc. lifted its position in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Cushman & Wakefield by 11.8% in the 3rd quarter. Louisiana State Employees Retirement System now owns 110,800 shares of the company’s stock valued at $1,510,000 after acquiring an additional 11,700 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Cushman & Wakefield by 13.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 130,822 shares of the company’s stock valued at $1,783,000 after acquiring an additional 15,171 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Cushman & Wakefield by 11.2% in the 3rd quarter. New York State Teachers Retirement System now owns 114,931 shares of the company’s stock valued at $1,567,000 after acquiring an additional 11,549 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CWK has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.50.

Cushman & Wakefield Stock Down 1.2 %

Shares of CWK stock opened at $13.03 on Thursday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50-day moving average is $13.25 and its 200-day moving average is $13.42. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 35.20 and a beta of 1.34. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield Company 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.