Homestead Advisers Corp Purchases Shares of 182,600 Cushman & Wakefield plc (NYSE:CWK)

Homestead Advisers Corp bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 182,600 shares of the company's stock, valued at approximately $2,388,000. Homestead Advisers Corp owned approximately 0.08% of Cushman & Wakefield at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after buying an additional 806,684 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Cushman & Wakefield by 9.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 560,711 shares of the company's stock valued at $7,334,000 after acquiring an additional 46,337 shares during the period. LPL Financial LLC raised its position in Cushman & Wakefield by 63.2% in the 4th quarter. LPL Financial LLC now owns 21,559 shares of the company's stock valued at $282,000 after purchasing an additional 8,346 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Cushman & Wakefield in the fourth quarter valued at $615,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $1,003,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Wall Street Analyst Weigh In

CWK has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and a consensus price target of $14.10.

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Cushman & Wakefield Price Performance

Shares of CWK stock traded down $0.08 during trading hours on Monday, hitting $10.11. The company's stock had a trading volume of 262,575 shares, compared to its average volume of 1,758,603. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month high of $16.11. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 18.38 and a beta of 1.40. The business has a fifty day moving average of $12.16 and a 200-day moving average of $13.13.

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 for the quarter, topping analysts' consensus estimates 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 return on equity of 12.62% and a net margin of 1.39%. As a group, equities research analysts anticipate that Cushman & Wakefield plc will post 1.2 EPS for the current 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.