State Board of Administration of Florida Retirement System Purchases 3,130 Shares of Cushman & Wakefield plc (NYSE:CWK)

State Board of Administration of Florida Retirement System increased its position in Cushman & Wakefield plc (NYSE:CWK – Get Rating) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,079 shares of the company’s stock after buying an additional 3,130 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cushman & Wakefield were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Duality Advisers LP bought a new stake in Cushman & Wakefield in the 4th quarter worth approximately $1,633,000. LPL Financial LLC bought a new stake in Cushman & Wakefield in the 4th quarter worth approximately $264,000. Olstein Capital Management L.P. lifted its position in Cushman & Wakefield by 32.2% in the 4th quarter. Olstein Capital Management L.P. now owns 567,000 shares of the company’s stock worth $7,065,000 after buying an additional 138,000 shares during the last quarter. Ellevest Inc. lifted its position in Cushman & Wakefield by 117.0% in the fourth quarter. Ellevest Inc. now owns 4,661 shares of the company’s stock valued at $58,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Tranquility Partners LLC bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $187,000. Institutional investors own 83.23% of the company’s stock.

Cushman & Wakefield Trading Down 3.1 %

Cushman & Wakefield stock opened at $7.86 on Monday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 23.82 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.04. Cushman & Wakefield plc has a 12 month low of $7.16 and a 12 month high of $19.15. The business’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $11.53.

Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.23). Cushman & Wakefield had a net margin of 0.74% and a return on equity of 20.99%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on CWK shares. UBS Group downgraded Cushman & Wakefield from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $10.00 in a research report on Monday, April 17th. The Goldman Sachs Group downgraded Cushman & Wakefield from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.50 to $11.00 in a research report on Monday, April 10th. Credit Suisse Group lowered their price objective on Cushman & Wakefield from $15.00 to $9.00 in a research report on Friday. Wolfe Research cut Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. Finally, TheStreet downgraded Cushman & Wakefield from a “c” rating to a “d” rating in a report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average price target of $14.40.

Cushman & Wakefield Company Profile

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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.