Vestcor Inc Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Vestcor Inc boosted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 316.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,529 shares of the company's stock after buying an additional 53,602 shares during the period. Vestcor Inc's holdings in Cushman & Wakefield were worth $923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CWK. Vaughan Nelson Investment Management L.P. boosted its position in shares of Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock valued at $163,164,000 after acquiring an additional 1,094,260 shares during the last quarter. State Street Corp raised its stake in Cushman & Wakefield by 9.8% in the third quarter. State Street Corp now owns 8,463,595 shares of the company's stock valued at $115,359,000 after purchasing an additional 756,966 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 last quarter. Channing Capital Management LLC bought a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $61,732,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Cushman & Wakefield by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock worth $52,683,000 after buying an additional 52,178 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on CWK shares. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group decreased their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday. Citigroup dropped their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday. Finally, 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 research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of "Hold" and a consensus target price of $14.10.

Cushman & Wakefield Trading Up 0.4 %

CWK stock traded up $0.05 during trading on Wednesday, hitting $10.51. 2,425,403 shares of the company traded hands, compared to its average volume of 1,935,685. 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 company has a 50-day moving average of $12.46 and a 200-day moving average of $13.25. The firm has a market capitalization of $2.41 billion, a PE ratio of 19.10 and a beta of 1.40. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

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.