Illinois Municipal Retirement Fund Decreases Holdings in Cushman & Wakefield plc (NYSE:CWK)

Illinois Municipal Retirement Fund trimmed its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,382 shares of the company’s stock after selling 1,187 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cushman & Wakefield were worth $1,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KG&L Capital Management LLC purchased a new position in Cushman & Wakefield during the fourth quarter valued at $109,000. Xponance Inc. purchased a new position in Cushman & Wakefield during the fourth quarter valued at $109,000. AXQ Capital LP purchased a new position in Cushman & Wakefield during the third quarter valued at $79,000. Allspring Global Investments Holdings LLC lifted its holdings in Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after purchasing an additional 2,737 shares in the last quarter. Finally, Everhart Financial Group Inc. acquired a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $148,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

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

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $9.72 on Monday. Cushman & Wakefield plc has a 12-month low of $6.24 and a 12-month high of $11.76. The stock has a market cap of $2.21 billion, a P/E ratio of -57.17 and a beta of 1.34. The company has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85.

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

Cushman & Wakefield Company Profile

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.