47,000 Shares in Cushman & Wakefield plc (NYSE:CWK) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Cushman & Wakefield plc (NYSE:CWK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,000 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CWK. Knights of Columbus Asset Advisors LLC purchased a new stake in Cushman & Wakefield during the 4th quarter worth about $1,003,000. AXQ Capital LP acquired a new stake in Cushman & Wakefield during the 4th quarter worth approximately $169,000. Sei Investments Co. lifted its holdings in shares of Cushman & Wakefield by 7.4% during the fourth quarter. Sei Investments Co. now owns 722,967 shares of the company’s stock worth $9,456,000 after purchasing an additional 49,714 shares during the period. American Century Companies Inc. lifted its stake in shares of Cushman & Wakefield by 8.5% in the 4th quarter. American Century Companies Inc. now owns 355,184 shares of the company’s stock worth $4,646,000 after acquiring an additional 27,965 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Cushman & Wakefield by 1,755.5% in the 4th quarter. Teacher Retirement System of Texas now owns 268,665 shares of the company’s stock valued at $3,514,000 after purchasing an additional 254,186 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 2.0 %

CWK opened at $10.36 on Thursday. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. The stock’s 50 day moving average price is $11.97 and its 200 day moving average price is $13.07. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The stock has a market cap of $2.38 billion, a P/E ratio of 18.84 and a beta of 1.40.

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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CWK shares. The Goldman Sachs Group decreased their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Citigroup dropped their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.10.

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.