Cushman & Wakefield plc (NYSE:CWK) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 252.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,054 shares of the company’s stock after acquiring an additional 579,805 shares during the period. Intech Investment Management LLC’s holdings in Cushman & Wakefield were worth $10,582,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vestcor Inc grew its holdings in Cushman & Wakefield by 316.7% during the 4th quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after acquiring an additional 53,602 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Cushman & Wakefield during the 4th quarter worth $318,000. Channing Capital Management LLC acquired a new position in Cushman & Wakefield during the 4th quarter worth $61,732,000. Geode Capital Management LLC grew its holdings in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after acquiring an additional 395,652 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWK has been the subject of several research reports. Citigroup decreased their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. Finally, 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. 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 company’s stock. According to MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus target price of $14.40.

Cushman & Wakefield Trading Up 0.1 %

Cushman & Wakefield stock opened at $10.71 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The firm has a 50-day moving average price of $12.50 and a two-hundred day moving average price of $13.27. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.46 and a beta of 1.40. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Sell-side analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

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.