Teacher Retirement System of Texas increased its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 1,755.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 268,665 shares of the company's stock after purchasing an additional 254,186 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of Cushman & Wakefield worth $3,514,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Vestcor Inc grew its holdings 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 buying an additional 53,602 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Cushman & Wakefield during the 4th quarter worth approximately $318,000. Channing Capital Management LLC purchased a new stake in Cushman & Wakefield in the 4th quarter worth approximately $61,732,000. Geode Capital Management LLC boosted its holdings in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after purchasing an additional 395,652 shares during the period. Finally, Smartleaf Asset Management LLC grew its position 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 purchasing an additional 2,691 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.
Cushman & Wakefield Price Performance
Shares of Cushman & Wakefield stock traded down $0.28 during trading on Friday, hitting $10.20. 1,220,735 shares of the stock traded hands, compared to its average volume of 2,032,278. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 18.54 and a beta of 1.40. 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 plc has a 52 week low of $9.24 and a 52 week high of $16.11. The firm's fifty day moving average is $12.22 and its 200-day moving average is $13.14.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to analysts' expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Research analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CWK. Citigroup lowered their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Cushman & Wakefield has a consensus rating of "Hold" and a consensus price target of $14.10.
Check Out Our Latest Stock Report on CWK
Cushman & Wakefield Company 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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