Cushman & Wakefield PLC $CWK Stock Holdings Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in Cushman & Wakefield PLC (NYSE:CWK) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,020,610 shares of the company’s stock after purchasing an additional 108,422 shares during the quarter. Public Sector Pension Investment Board owned about 0.44% of Cushman & Wakefield worth $16,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in shares of Cushman & Wakefield by 3.3% during the third quarter. Illinois Municipal Retirement Fund now owns 117,770 shares of the company’s stock worth $1,875,000 after buying an additional 3,808 shares during the period. Rhumbline Advisers raised its stake in Cushman & Wakefield by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 691,952 shares of the company’s stock valued at $11,016,000 after acquiring an additional 11,787 shares in the last quarter. Versor Investments LP boosted its position in Cushman & Wakefield by 104.3% during the 3rd quarter. Versor Investments LP now owns 33,600 shares of the company’s stock worth $535,000 after acquiring an additional 17,153 shares during the period. Profund Advisors LLC acquired a new position in Cushman & Wakefield during the 3rd quarter worth $160,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Cushman & Wakefield by 155.9% during the third quarter. Envestnet Asset Management Inc. now owns 476,359 shares of the company’s stock valued at $7,584,000 after purchasing an additional 290,229 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 $12.90 on Friday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 13.43 and a beta of 1.47. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.40. The business’s fifty day moving average is $16.02 and its two-hundred day moving average is $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.

Analyst Upgrades and Downgrades

CWK has been the topic of several research analyst reports. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citizens Jmp raised their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, November 3rd. Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, February 9th. Wall Street Zen raised Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.61.

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.