Louisiana State Employees Retirement System Makes New $1.26 Million Investment in Cushman & Wakefield PLC $CWK

Louisiana State Employees Retirement System bought a new stake in shares of Cushman & Wakefield PLC (NYSE:CWK) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 102,700 shares of the company’s stock, valued at approximately $1,259,000.

A number of other large investors also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd increased its holdings in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after purchasing an additional 1,318 shares during the last quarter. Quarry LP lifted its stake in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 2,192 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares during the period. Finally, Covestor Ltd lifted its stake in Cushman & Wakefield by 4,217.7% in the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

Cushman & Wakefield Stock Performance

CWK stock opened at $13.99 on Friday. Cushman & Wakefield PLC has a 1-year low of $10.94 and a 1-year high of $17.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm has a market cap of $3.28 billion, a PE ratio of 43.71 and a beta of 1.44. The business’s 50-day moving average price is $13.35 and its two-hundred day moving average price is $14.09.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.09 earnings per share. Cushman & Wakefield’s revenue was up 11.0% compared to the same quarter last year. As a group, research 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.