Louisiana State Employees Retirement System Increases Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Louisiana State Employees Retirement System raised its position in Cushman & Wakefield plc (NYSE:CWK) by 11.8% during the third quarter, Holdings Channel.com reports. The fund owned 110,800 shares of the company’s stock after purchasing an additional 11,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cushman & Wakefield were worth $1,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWK. Swiss National Bank raised its position in Cushman & Wakefield by 14.6% during the 1st quarter. Swiss National Bank now owns 359,000 shares of the company’s stock valued at $3,755,000 after purchasing an additional 45,700 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Cushman & Wakefield by 52.8% during the first quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock valued at $6,889,000 after acquiring an additional 227,519 shares in the last quarter. Algert Global LLC lifted its stake in Cushman & Wakefield by 821.0% in the second quarter. Algert Global LLC now owns 698,944 shares of the company’s stock worth $7,269,000 after acquiring an additional 623,054 shares during the period. American Century Companies Inc. boosted its holdings in Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock valued at $3,401,000 after acquiring an additional 43,941 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Cushman & Wakefield by 8.9% during the 2nd quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock valued at $12,031,000 after purchasing an additional 94,502 shares during the period. 95.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and a consensus price target of $12.80.

Cushman & Wakefield Price Performance

CWK stock opened at $13.56 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 169.44 and a beta of 1.30. The firm has a 50 day moving average price of $13.08 and a 200-day moving average price of $11.79. Cushman & Wakefield plc has a 52-week low of $6.92 and a 52-week high of $13.99.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Cushman & Wakefield plc will post 0.87 EPS for the current fiscal year.

About Cushman & Wakefield

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.