Homestead Advisers Corp Takes Position in Cushman & Wakefield plc (NYSE:CWK)

Homestead Advisers Corp acquired a new position in Cushman & Wakefield plc (NYSE:CWK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 182,600 shares of the company’s stock, valued at approximately $2,388,000. Homestead Advisers Corp owned 0.08% of Cushman & Wakefield as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CWK. Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield during the fourth quarter worth approximately $61,732,000. Raymond James Financial Inc. acquired a new position in shares of Cushman & Wakefield in the 4th quarter valued at $25,964,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $27,023,000 after purchasing an additional 1,745,986 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of 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. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Cushman & Wakefield by 9.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after purchasing an additional 1,094,260 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWK has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup dropped their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group decreased their target price on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.10.

Cushman & Wakefield Stock Down 0.3 %

Shares of CWK stock opened at $10.63 on Thursday. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-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 stock has a market cap of $2.44 billion, a price-to-earnings ratio of 19.32 and a beta of 1.40. The firm’s 50-day moving average is $12.27 and its 200-day moving average is $13.15.

Cushman & Wakefield (NYSE:CWK) last announced its 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 during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Sell-side analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Cushman & Wakefield Company 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.