Cushman & Wakefield plc (NYSE:CWK) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,544,266 shares of the company's stock after acquiring an additional 57,901 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.67% of Cushman & Wakefield worth $20,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $38,720,000. Homestead Advisers Corp purchased a new position in Cushman & Wakefield during the fourth quarter worth $2,388,000. JPMorgan Chase & Co. raised its holdings in shares of Cushman & Wakefield by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after acquiring an additional 806,684 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Cushman & Wakefield by 9.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 560,711 shares of the company's stock worth $7,334,000 after acquiring an additional 46,337 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Cushman & Wakefield by 63.2% in the fourth quarter. LPL Financial LLC now owns 21,559 shares of the company's stock valued at $282,000 after acquiring an additional 8,346 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently weighed in on CWK shares. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Citigroup reduced their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.10.

Cushman & Wakefield Trading Down 7.1 %

Cushman & Wakefield stock traded down $0.62 during trading on Tuesday, reaching $8.08. The company had a trading volume of 3,270,096 shares, compared to its average volume of 2,022,801. Cushman & Wakefield plc has a 12-month low of $7.94 and a 12-month high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The stock's 50 day moving average price is $11.47 and its two-hundred day moving average price is $12.90. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.68 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

About Cushman & Wakefield

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.