Louisiana State Employees Retirement System Invests $1.26 Million in Cushman & Wakefield PLC $CWK

Louisiana State Employees Retirement System acquired a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 102,700 shares of the company’s stock, valued at approximately $1,259,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in Cushman & Wakefield by 39.6% during the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after acquiring an additional 27,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cushman & Wakefield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after purchasing an additional 5,929 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Cushman & Wakefield in the first quarter worth $139,000. Jane Street Group LLC boosted its holdings in Cushman & Wakefield by 1,821.3% during the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after purchasing an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Cushman & Wakefield in the first quarter valued at $218,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CWK shares. Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Barclays dropped their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Cushman & Wakefield has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.74% of the company’s stock.

Cushman & Wakefield Trading Down 0.0%

Shares of NYSE:CWK opened at $13.99 on Friday. Cushman & Wakefield PLC has a 52-week low of $10.94 and a 52-week high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $3.28 billion, a P/E ratio of 43.71 and a beta of 1.44. The company has a 50-day simple moving average of $13.35 and a 200 day simple moving average of $14.09.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts forecast that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

About Cushman & Wakefield

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.