VIRGINIA RETIREMENT SYSTEMS ET Al Invests $282,000 in Cushman & Wakefield PLC $CWK

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Cushman & Wakefield PLC (NYSE:CWK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,500 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors have also bought and sold shares of CWK. EP Wealth Advisors LLC acquired a new stake in Cushman & Wakefield in the first quarter worth about $102,000. DRW Securities LLC acquired a new stake in Cushman & Wakefield in the first quarter worth about $109,000. Sage Rhino Capital LLC acquired a new stake in Cushman & Wakefield in the second quarter worth about $115,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Cushman & Wakefield in the second quarter worth about $129,000. Finally, United Services Automobile Association acquired a new stake in Cushman & Wakefield in the first quarter worth about $139,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insiders Place Their Bets

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of Cushman & Wakefield 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 sale, the director owned 46,498 shares in the company, valued at $744,897.96. The trade was a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CWK shares. JPMorgan Chase & Co. lifted their price objective on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Citizens Jmp started coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 price objective on the stock. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 price objective on the stock in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Friday. Finally, JMP Securities upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.75.

Cushman & Wakefield Trading Up 1.8%

NYSE:CWK opened at $17.10 on Monday. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50 day moving average price is $15.88 and its 200 day moving average price is $12.54. The company has a market capitalization of $3.96 billion, a P/E ratio of 19.43 and a beta of 1.51.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. On average, research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal 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.