Epoch Investment Partners Inc. acquired a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 69,318 shares of the company's stock, valued at approximately $907,000.
A number of other institutional investors have also made changes to their positions in CWK. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter worth about $61,732,000. Norges Bank acquired a new stake in shares of Cushman & Wakefield during the 4th quarter worth approximately $38,720,000. Raymond James Financial Inc. acquired a new position in Cushman & Wakefield during the fourth quarter worth about $25,964,000. Next Century Growth Investors LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at $16,580,000. Finally, New York State Common Retirement Fund grew its holdings in Cushman & Wakefield by 579.8% during the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock worth $16,952,000 after acquiring an additional 1,105,355 shares during the last quarter. 95.56% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CWK shares. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price target for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Citigroup lowered 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. JPMorgan Chase & Co. reduced their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, 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 report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield has an average rating of "Hold" and a consensus price target of $12.93.
View Our Latest Stock Report on CWK
Cushman & Wakefield Stock Down 1.7 %
Shares of NYSE:CWK traded down $0.15 during trading on Friday, reaching $8.81. 1,343,849 shares of the stock traded hands, compared to its average volume of 2,104,044. The stock has a 50-day moving average of $10.18 and a two-hundred day moving average of $12.45. Cushman & Wakefield plc has a 52-week low of $7.64 and a 52-week high of $16.11. The stock has a market cap of $2.02 billion, a P/E ratio of 16.02 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly 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. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.
Cushman & Wakefield Profile
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Free Report)
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.
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