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

Allspring Global Investments Holdings LLC purchased a new position in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock worth $77,656,000 after buying an additional 395,652 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Cushman & Wakefield during the 3rd quarter worth $4,942,000. State Street Corp increased its holdings in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after purchasing an additional 756,966 shares during the period. Walleye Capital LLC purchased a new position in Cushman & Wakefield during the 3rd quarter worth $150,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 worth $54,187,000 after purchasing an additional 301,186 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Down 5.0 %

NYSE CWK traded down $0.61 during midday trading on Friday, hitting $11.63. 1,299,514 shares of the company traded hands, compared to its average volume of 1,499,400. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $2.67 billion, a PE ratio of 31.53 and a beta of 1.34. The company's 50-day simple moving average is $13.18 and its 200-day simple moving average is $13.41. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWK has been the topic of several research reports. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.00.

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.