229,249 Shares in Cushman & Wakefield plc (NYSE:CWK) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 229,249 shares of the company's stock, valued at approximately $3,125,000. Intech Investment Management LLC owned about 0.10% of Cushman & Wakefield as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after acquiring an additional 2,027 shares during the last quarter. CWM LLC increased its position in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after buying an additional 2,080 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after buying an additional 1,629 shares during the last quarter. Profund Advisors LLC purchased a new position in shares of Cushman & Wakefield during the 2nd quarter valued at $105,000. Finally, KBC Group NV increased its holdings in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after acquiring an additional 1,915 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock traded up $0.30 during trading on Friday, hitting $14.44. 975,293 shares of the stock traded hands, compared to its average volume of 2,035,522. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 39.03 and a beta of 1.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 52 week low of $8.09 and a 52 week high of $16.11. The firm's fifty day moving average is $13.54 and its 200-day moving average is $12.33.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the company earned $0.21 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Research analysts expect that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.