Public Sector Pension Investment Board Has $16.25 Million Stock Position in Cushman & Wakefield PLC $CWK

Public Sector Pension Investment Board increased its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 11.9% during the third quarter, Holdings Channel reports. The fund owned 1,020,610 shares of the company’s stock after acquiring an additional 108,422 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cushman & Wakefield were worth $16,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWK. Wealth Enhancement Advisory Services LLC raised its stake in Cushman & Wakefield by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,461 shares of the company’s stock valued at $174,000 after purchasing an additional 600 shares during the period. Nisa Investment Advisors LLC lifted its stake in Cushman & Wakefield by 12.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,201 shares of the company’s stock worth $99,000 after acquiring an additional 667 shares in the last quarter. Amalgamated Bank boosted its position in Cushman & Wakefield by 1.2% during the 3rd quarter. Amalgamated Bank now owns 66,655 shares of the company’s stock worth $1,061,000 after acquiring an additional 821 shares during the period. GAMMA Investing LLC grew its stake in Cushman & Wakefield by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after acquiring an additional 867 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Cushman & Wakefield by 1.0% during the 2nd quarter. Yousif Capital Management LLC now owns 90,691 shares of the company’s stock valued at $1,004,000 after acquiring an additional 934 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CWK shares. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, February 9th. Barclays restated a “positive” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research note on Tuesday, January 13th. Finally, Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.61.

Cushman & Wakefield Stock Up 4.3%

NYSE CWK opened at $12.90 on Friday. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $17.40. The stock has a market cap of $2.99 billion, a PE ratio of 13.43 and a beta of 1.47. The firm has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $15.73. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.07 and a current ratio of 1.07.

Cushman & Wakefield Company 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.