Louisiana State Employees Retirement System Buys New Position in Cushman & Wakefield plc (NYSE:CWK)

Louisiana State Employees Retirement System bought a new stake in shares of Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 84,100 shares of the company’s stock, valued at approximately $908,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Cushman & Wakefield by 1.9% during the 3rd quarter. Barclays PLC now owns 104,697 shares of the company’s stock valued at $797,000 after purchasing an additional 1,983 shares during the period. Paralel Advisors LLC boosted its stake in Cushman & Wakefield by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 181,657 shares of the company’s stock valued at $1,384,000 after purchasing an additional 2,268 shares during the period. Olympiad Research LP raised its holdings in Cushman & Wakefield by 13.2% in the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock valued at $152,000 after acquiring an additional 2,332 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Cushman & Wakefield by 30.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after acquiring an additional 2,737 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Cushman & Wakefield by 1.0% in the 3rd quarter. Swiss National Bank now owns 349,400 shares of the company’s stock valued at $2,662,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Jefferies Financial Group assumed coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target for the company. in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $11.08.

Cushman & Wakefield Trading Down 0.6 %

Shares of CWK opened at $9.57 on Friday. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $11.76. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The stock has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.42. The stock has a market cap of $2.18 billion, a PE ratio of -56.29 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm posted $0.46 EPS. Cushman & Wakefield’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.