Vestcor Inc Increases Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Vestcor Inc grew its stake in Cushman & Wakefield plc (NYSE:CWK) by 316.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 70,529 shares of the company’s stock after acquiring an additional 53,602 shares during the period. Vestcor Inc’s holdings in Cushman & Wakefield were worth $923,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its holdings in Cushman & Wakefield by 83.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after purchasing an additional 5,171,340 shares during the last quarter. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $61,732,000. Raymond James Financial Inc. acquired a new position in Cushman & Wakefield during the 4th quarter worth about $25,964,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cushman & Wakefield by 737.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after acquiring an additional 1,745,986 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock worth $16,952,000 after purchasing an additional 1,105,355 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Up 2.6 %

NYSE CWK opened at $10.67 on Friday. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The firm has a 50 day moving average of $12.54 and a two-hundred day moving average of $13.28. The stock has a market capitalization of $2.45 billion, a PE ratio of 19.39 and a beta of 1.40. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

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

Wall Street Analysts Forecast Growth

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