Knights of Columbus Asset Advisors LLC Buys Shares of 76,681 Cushman & Wakefield plc (NYSE:CWK)

Knights of Columbus Asset Advisors LLC bought a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 76,681 shares of the company’s stock, valued at approximately $1,003,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. AXQ Capital LP bought a new position in Cushman & Wakefield in the 4th quarter worth $169,000. Sei Investments Co. increased its position in Cushman & Wakefield by 7.4% in the fourth quarter. Sei Investments Co. now owns 722,967 shares of the company’s stock worth $9,456,000 after buying an additional 49,714 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Cushman & Wakefield by 8.5% in the fourth quarter. American Century Companies Inc. now owns 355,184 shares of the company’s stock worth $4,646,000 after buying an additional 27,965 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Cushman & Wakefield by 1,755.5% during the 4th quarter. Teacher Retirement System of Texas now owns 268,665 shares of the company’s stock valued at $3,514,000 after acquiring an additional 254,186 shares during the period. Finally, Xponance Inc. grew its stake in shares of Cushman & Wakefield by 9.4% during the 4th quarter. Xponance Inc. now owns 16,484 shares of the company’s stock valued at $216,000 after acquiring an additional 1,423 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CWK shares. JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. Finally, Citigroup cut their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.10.

Cushman & Wakefield Price Performance

Shares of NYSE:CWK opened at $10.42 on Friday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40. The firm has a fifty day moving average price of $12.37 and a 200 day moving average price of $13.19. 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.

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

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.