Uniplan Investment Counsel Inc. bought a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 78,817 shares of the company's stock, valued at approximately $1,031,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc raised its holdings in shares of Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company's stock worth $923,000 after purchasing 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 approximately $1,003,000. JPMorgan Chase & Co. grew its stake in Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after buying an additional 806,684 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Cushman & Wakefield in the fourth quarter worth $318,000. Finally, Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at $61,732,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on CWK shares. Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. dropped their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group decreased their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. UBS Group dropped their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.75.
Read Our Latest Stock Analysis on CWK
Cushman & Wakefield Stock Up 3.7 %
CWK stock opened at $8.19 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a 50 day simple moving average of $10.36 and a 200-day simple moving average of $12.51. The company has a market capitalization of $1.88 billion, a P/E ratio of 14.89 and a beta of 1.26. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.
Cushman & Wakefield Company 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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