New York State Common Retirement Fund Acquires 1,105,355 Shares of Cushman & Wakefield plc (NYSE:CWK)

New York State Common Retirement Fund increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 579.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,295,988 shares of the company’s stock after buying an additional 1,105,355 shares during the quarter. New York State Common Retirement Fund owned 0.56% of Cushman & Wakefield worth $16,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of New Jersey Common Pension Fund D lifted its position in shares of Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock worth $1,974,000 after buying an additional 1,769 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Cushman & Wakefield by 0.3% during the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company’s stock worth $9,347,000 after buying an additional 1,958 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Cushman & Wakefield by 3.7% during the 4th quarter. New York State Teachers Retirement System now owns 119,198 shares of the company’s stock worth $1,559,000 after buying an additional 4,267 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Cushman & Wakefield during the 4th quarter worth $7,496,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock worth $163,164,000 after buying an additional 1,094,260 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $11.68 on Friday. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11. 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 company has a market capitalization of $2.68 billion, a PE ratio of 21.23 and a beta of 1.34. The stock has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $13.42.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $2.67 billion. Analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CWK has been the subject of several recent analyst reports. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.00.

About Cushman & Wakefield

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.