Louisiana State Employees Retirement System Invests $908,000 in Cushman & Wakefield plc (NYSE:CWK)

Louisiana State Employees Retirement System purchased a new position in shares of Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,100 shares of the company’s stock, valued at approximately $908,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CWK. SG Americas Securities LLC grew its holdings in Cushman & Wakefield by 43.6% during the third quarter. SG Americas Securities LLC now owns 84,172 shares of the company’s stock worth $641,000 after acquiring an additional 25,539 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cushman & Wakefield by 45.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,583 shares of the company’s stock worth $245,000 after acquiring an additional 10,164 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after acquiring an additional 2,737 shares during the period. Olympiad Research LP grew its holdings in Cushman & Wakefield by 13.2% during the third quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock worth $152,000 after acquiring an additional 2,332 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Cushman & Wakefield by 2.1% during the third quarter. Principal Financial Group Inc. now owns 1,032,188 shares of the company’s stock worth $7,865,000 after acquiring an additional 21,178 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CWK. Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.08.

Cushman & Wakefield Stock Down 0.6 %

CWK opened at $9.57 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85. The firm has a market cap of $2.18 billion, a P/E ratio of -56.29 and a beta of 1.34. Cushman & Wakefield plc has a 52 week low of $6.24 and a 52 week high of $11.76. The business’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $9.42.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. As a group, equities research analysts anticipate that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares in the company, valued at $166,534,529.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now owns 40,427 shares in the company, valued at $403,865.73. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Cushman & Wakefield Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.