Mitsubishi UFJ Trust & Banking Corp Buys 46,337 Shares of Cushman & Wakefield plc (NYSE:CWK)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 560,711 shares of the company's stock after purchasing an additional 46,337 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.24% of Cushman & Wakefield worth $7,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. Smartleaf Asset Management LLC lifted its holdings in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after buying an additional 2,691 shares during the last quarter. Blue Trust Inc. lifted its stake in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after acquiring an additional 928 shares during the last quarter. Ieq Capital LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Walleye Capital LLC bought a new stake in Cushman & Wakefield in the third quarter worth approximately $150,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

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

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Cushman & Wakefield Stock Performance

CWK stock traded down $0.46 during mid-day trading on Friday, reaching $8.99. 1,962,909 shares of the stock traded hands, compared to its average volume of 2,016,904. The firm has a market capitalization of $2.06 billion, a PE ratio of 16.34 and a beta of 1.26. The business has a 50-day moving average of $11.80 and a two-hundred day moving average of $13.01. Cushman & Wakefield plc has a 52 week low of $8.48 and a 52 week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share 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 return on equity of 12.62% and a net margin of 1.39%. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS 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.