KLP Kapitalforvaltning AS Takes $615,000 Position in Cushman & Wakefield plc (NYSE:CWK)

KLP Kapitalforvaltning AS purchased a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,000 shares of the company's stock, valued at approximately $615,000.

Several other large investors have also recently modified their holdings of CWK. Vestcor Inc lifted its holdings in Cushman & Wakefield by 316.7% in the fourth quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after buying an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in Cushman & Wakefield in the fourth quarter valued at approximately $1,003,000. Proficio Capital Partners LLC bought a new position in Cushman & Wakefield during the fourth quarter worth $318,000. Channing Capital Management LLC bought a new stake in Cushman & Wakefield in the fourth quarter valued at $61,732,000. Finally, Geode Capital Management LLC raised its holdings 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 purchasing an additional 395,652 shares during the period. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

NYSE:CWK traded down $0.32 on Monday, reaching $8.69. 3,077,945 shares of the company's stock were exchanged, compared to its average volume of 2,019,736. The stock has a fifty day simple moving average of $11.69 and a 200-day simple moving average of $12.97. Cushman & Wakefield plc has a 52 week low of $8.37 and a 52 week high of $16.11. 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 firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.79 and a beta of 1.26.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.48 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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

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

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.