State of Alaska Department of Revenue Has $1.52 Million Stock Holdings in Cushman & Wakefield PLC $CWK

State of Alaska Department of Revenue increased its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,667 shares of the company’s stock after buying an additional 10,511 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Cushman & Wakefield worth $1,523,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CWK. Deutsche Bank AG grew its position in Cushman & Wakefield by 807.1% during the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company’s stock worth $19,112,000 after buying an additional 1,663,880 shares in the last quarter. Nuveen LLC acquired a new stake in Cushman & Wakefield during the first quarter worth about $11,086,000. Jane Street Group LLC grew its position in Cushman & Wakefield by 101.8% during the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company’s stock worth $190,000 after buying an additional 837,554 shares in the last quarter. Channing Capital Management LLC grew its position in Cushman & Wakefield by 13.8% during the first quarter. Channing Capital Management LLC now owns 5,369,263 shares of the company’s stock worth $54,874,000 after buying an additional 649,705 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Cushman & Wakefield by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 12,064,891 shares of the company’s stock worth $123,300,000 after buying an additional 478,484 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CWK shares. Citizens Jmp started coverage on Cushman & Wakefield in a research report on Monday, July 21st. They set a “strong-buy” rating and a $15.00 target price on the stock. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. UBS Group lifted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a report on Friday, August 8th. Finally, Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an “overweight” rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.13.

Insiders Place Their Bets

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the sale, the director owned 46,498 shares in the company, valued at approximately $744,897.96. The trade was a 12.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Cushman & Wakefield Stock Performance

CWK stock opened at $15.86 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average price of $15.15 and a 200 day moving average price of $11.89. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $17.04. The stock has a market capitalization of $3.67 billion, a PE ratio of 18.02 and a beta of 1.51.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 EPS. Cushman & Wakefield’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

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.