Cushman & Wakefield plc (NYSE:CWK) Stock Holdings Increased by State Street Corp

State Street Corp increased its holdings in Cushman & Wakefield plc (NYSE:CWK) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,463,595 shares of the company’s stock after purchasing an additional 756,966 shares during the quarter. State Street Corp owned 3.69% of Cushman & Wakefield worth $115,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares during the period. CWM LLC raised its holdings in shares of Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after acquiring an additional 2,080 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after acquiring an additional 1,629 shares during the period. Profund Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the second quarter valued at approximately $105,000. Finally, KBC Group NV raised its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after acquiring an additional 1,915 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $14.87 on Monday. The company’s 50 day moving average price is $14.07 and its 200 day moving average price is $12.80. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The company has a market capitalization of $3.41 billion, a PE ratio of 40.19 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Research analysts expect that Cushman & Wakefield plc will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a report on Friday, December 6th. They set a “sell” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Cushman & Wakefield 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.