Illinois Municipal Retirement Fund Buys 18,313 Shares of Cushman & Wakefield plc (NYSE:CWK)

Illinois Municipal Retirement Fund grew its stake in Cushman & Wakefield plc (NYSE:CWK) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,818 shares of the company’s stock after purchasing an additional 18,313 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Cushman & Wakefield worth $1,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWK. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares during the period. KBC Group NV increased its position in Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at $135,000. Walleye Capital LLC bought a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $150,000. Finally, Empowered Funds LLC boosted its stake in shares of Cushman & Wakefield by 11.7% during the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after purchasing an additional 1,180 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $11.88 on Friday. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.59 and a beta of 1.34. The stock’s 50-day simple moving average is $12.95 and its 200-day simple moving average is $13.40.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CWK. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group reduced their price target on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield Profile

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.