American Century Companies Inc. Increases Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

American Century Companies Inc. lifted its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 355,184 shares of the company's stock after purchasing an additional 27,965 shares during the quarter. American Century Companies Inc. owned about 0.15% of Cushman & Wakefield worth $4,646,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd raised its position in Cushman & Wakefield by 4.8% in the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock worth $271,000 after purchasing an additional 903 shares during the period. Blue Trust Inc. grew its stake in shares of Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after buying an additional 928 shares during the last quarter. Xponance Inc. grew its stake in shares of Cushman & Wakefield by 9.4% during the fourth quarter. Xponance Inc. now owns 16,484 shares of the company's stock valued at $216,000 after buying an additional 1,423 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Cushman & Wakefield by 1.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock worth $1,974,000 after buying an additional 1,769 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Cushman & Wakefield by 0.3% during the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock worth $9,347,000 after acquiring an additional 1,958 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

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Analyst Upgrades and Downgrades

CWK has been the topic of several research analyst reports. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group reduced their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.50.

Cushman & Wakefield Stock Down 6.1 %

Shares of CWK stock traded down $0.53 on Thursday, hitting $8.06. The stock had a trading volume of 4,528,345 shares, compared to its average volume of 2,053,988. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The business has a 50 day moving average price of $11.16 and a 200 day moving average price of $12.80. The company has a market cap of $1.85 billion, a PE ratio of 14.65 and a beta of 1.26. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating 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 business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Research analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

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.