Cushman & Wakefield plc (NYSE:CWK) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,707,339 shares of the company’s stock after buying an additional 10,969 shares during the period. Geode Capital Management LLC owned about 2.49% of Cushman & Wakefield worth $74,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Channing Capital Management LLC purchased a new position in Cushman & Wakefield during the 4th quarter valued at about $61,732,000. Norges Bank acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth about $38,720,000. Raymond James Financial Inc. acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $25,964,000. New York State Common Retirement Fund grew its holdings in shares of Cushman & Wakefield by 579.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock valued at $16,952,000 after purchasing an additional 1,105,355 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock worth $163,164,000 after buying an additional 1,094,260 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. UBS Group cut their price target on Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group decreased their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.75.

Cushman & Wakefield Trading Up 0.3 %

Shares of Cushman & Wakefield stock opened at $8.02 on Friday. The company has a fifty day simple moving average of $11.05 and a 200-day simple moving average of $12.76. Cushman & Wakefield plc has a 12-month low of $7.64 and a 12-month high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 14.57 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, equities analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Cushman & Wakefield 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.