Teacher Retirement System of Texas lifted its stake in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 1,755.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 268,665 shares of the company's stock after acquiring an additional 254,186 shares during the period. Teacher Retirement System of Texas owned 0.12% of Cushman & Wakefield worth $3,514,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWK. Xponance Inc. lifted its holdings in Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company's stock valued at $216,000 after purchasing an additional 1,423 shares in the last quarter. Boston Partners purchased a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $618,000. Intech Investment Management LLC lifted its stake in shares of Cushman & Wakefield by 252.9% during the fourth quarter. Intech Investment Management LLC now owns 809,054 shares of the company's stock valued at $10,582,000 after buying an additional 579,805 shares during the period. Cibc World Markets Corp purchased a new stake in Cushman & Wakefield in the 4th quarter worth approximately $280,000. Finally, Natixis Advisors LLC grew its stake in Cushman & Wakefield by 7.6% in the 4th quarter. Natixis Advisors LLC now owns 1,827,340 shares of the company's stock worth $23,901,000 after acquiring an additional 129,806 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. Citigroup decreased their price target 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 downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their price objective for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $14.10.
View Our Latest Stock Report on Cushman & Wakefield
Cushman & Wakefield Trading Down 1.3 %
CWK stock traded down $0.14 during trading on Thursday, reaching $10.49. 318,202 shares of the stock traded hands, compared to its average volume of 1,765,969. The firm has a market capitalization of $2.41 billion, a PE ratio of 19.08 and a beta of 1.40. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The business's 50 day moving average price is $12.27 and its 200-day moving average price is $13.15. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business 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, sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
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.
Featured Stories
Before you consider Cushman & Wakefield, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cushman & Wakefield wasn't on the list.
While Cushman & Wakefield currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
