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

Intech Investment Management LLC raised its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 26.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 921,765 shares of the company’s stock after purchasing an additional 195,475 shares during the period. Intech Investment Management LLC owned about 0.40% of Cushman & Wakefield worth $14,674,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CWK. Wealth Enhancement Advisory Services LLC grew its stake in Cushman & Wakefield by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after acquiring an additional 600 shares during the period. Nisa Investment Advisors LLC raised its position in Cushman & Wakefield by 12.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock worth $99,000 after acquiring an additional 667 shares during the period. Amalgamated Bank lifted its holdings in Cushman & Wakefield by 1.2% during the third quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock valued at $1,061,000 after purchasing an additional 821 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Cushman & Wakefield by 1.5% in the third quarter. Arizona State Retirement System now owns 68,492 shares of the company’s stock valued at $1,090,000 after purchasing an additional 995 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $13.85 on Friday. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.40. The stock has a market cap of $3.21 billion, a PE ratio of 36.45 and a beta of 1.47. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $15.64 and a 200 day moving average price of $15.73.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CWK. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 20th. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, February 9th. Wall Street Zen downgraded Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays reiterated a “positive” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Tuesday, January 13th. Finally, Zacks Research lowered Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.