Intech Investment Management LLC Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Intech Investment Management LLC bought a new position in shares of Cushman & Wakefield plc (NYSE:CWK) during the 3rd quarter, Holdings Channel reports. The fund bought 229,249 shares of the company’s stock, valued at approximately $3,125,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CWK. American Century Companies Inc. boosted its holdings in Cushman & Wakefield by 15.5% during the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock worth $3,401,000 after buying an additional 43,941 shares in the last quarter. Algert Global LLC lifted its position in shares of Cushman & Wakefield by 821.0% during the 2nd quarter. Algert Global LLC now owns 698,944 shares of the company’s stock valued at $7,269,000 after acquiring an additional 623,054 shares during the period. Natixis Advisors LLC boosted its stake in shares of Cushman & Wakefield by 8.9% during the 2nd quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock worth $12,031,000 after acquiring an additional 94,502 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Cushman & Wakefield by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 792,399 shares of the company’s stock worth $8,241,000 after acquiring an additional 218,353 shares during the period. Finally, Marshall Wace LLP increased its stake in Cushman & Wakefield by 98.7% in the 2nd quarter. Marshall Wace LLP now owns 2,252,780 shares of the company’s stock valued at $23,429,000 after purchasing an additional 1,119,141 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th.

Cushman & Wakefield Stock Up 2.1 %

CWK stock opened at $14.44 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 12 month low of $8.09 and a 12 month high of $16.11. The firm has a market capitalization of $3.31 billion, a PE ratio of 39.03 and a beta of 1.30. The company’s 50 day simple moving average is $13.54 and its 200-day simple moving average is $12.32.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $0.21 earnings per share. Cushman & Wakefield’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Cushman & Wakefield plc will post 0.86 earnings per share for the current fiscal year.

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.