Russell Investments Group Ltd. increased its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 198.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563,431 shares of the company's stock after purchasing an additional 374,562 shares during the quarter. Russell Investments Group Ltd. owned 0.25% of Cushman & Wakefield worth $7,370,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CWK. Vestcor Inc lifted its stake in Cushman & Wakefield by 316.7% during the 4th quarter. Vestcor Inc now owns 70,529 shares of the company's stock valued at $923,000 after acquiring an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in Cushman & Wakefield during the fourth quarter valued at $1,003,000. JPMorgan Chase & Co. boosted its holdings in Cushman & Wakefield by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $318,000. Finally, Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield during the 4th quarter valued at about $61,732,000. Hedge funds and other institutional investors own 95.56% of the company's stock.
Cushman & Wakefield Price Performance
Shares of NYSE CWK traded down $0.05 during trading on Tuesday, hitting $8.23. The company had a trading volume of 3,057,536 shares, compared to its average volume of 2,082,453. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two 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. The stock has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $12.71. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 14.95 and a beta of 1.26.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, research analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently commented on CWK shares. Citigroup lowered their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. UBS Group decreased their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday. The Goldman Sachs Group dropped 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield presently has an average rating of "Hold" and a consensus price target of $12.75.
Read Our Latest Stock Report on CWK
Cushman & Wakefield Profile
(
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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