Intech Investment Management LLC Boosts Holdings in Cushman & Wakefield PLC $CWK

Intech Investment Management LLC lifted its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 26.9% in the third quarter, Holdings Channel reports. The institutional investor owned 921,765 shares of the company’s stock after acquiring an additional 195,475 shares during the quarter. Intech Investment Management LLC’s holdings in Cushman & Wakefield were worth $14,674,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Frontier Capital Management Co. LLC acquired a new position in Cushman & Wakefield in the second quarter valued at approximately $51,764,000. Channing Capital Management LLC acquired a new position in shares of Cushman & Wakefield in the 3rd quarter valued at $55,665,000. Balyasny Asset Management L.P. grew its holdings in shares of Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after purchasing an additional 1,620,143 shares during the period. New York State Common Retirement Fund increased its position in shares of Cushman & Wakefield by 486.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after purchasing an additional 926,664 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Cushman & Wakefield by 416.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 574,541 shares of the company’s stock valued at $6,360,000 after buying an additional 463,241 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of CWK opened at $13.85 on Friday. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $17.40. The firm’s 50 day moving average price is $15.64 and its 200 day moving average price is $15.73. The company has a market cap of $3.21 billion, a P/E ratio of 36.45 and a beta of 1.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.48 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, research analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays reaffirmed a “positive” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citizens Jmp set a $19.00 price target on Cushman & Wakefield in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield currently has a consensus rating of “Moderate Buy” and an average price target of $18.56.

Cushman & Wakefield Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.