New York State Teachers Retirement System Boosts Stock Position in Cushman & Wakefield plc (NYSE:CWK)

New York State Teachers Retirement System grew its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,198 shares of the company’s stock after acquiring an additional 4,267 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of Cushman & Wakefield worth $1,559,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CWK. Geode Capital Management LLC increased its position in shares of Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cushman & Wakefield during the 3rd quarter valued at about $4,942,000. State Street Corp raised its holdings in shares of Cushman & Wakefield by 9.8% during the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after purchasing an additional 756,966 shares during the last quarter. Walleye Capital LLC purchased a new stake in Cushman & Wakefield in the third quarter worth approximately $150,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after buying an additional 301,186 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $11.68 on Friday. The stock has a 50 day moving average price of $13.12 and a 200-day moving average price of $13.42. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 21.23 and a beta of 1.34. 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 (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CWK shares. The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating on the stock in a report on Friday. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and a consensus target price of $15.00.

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.