19,800 Shares in Cushman & Wakefield PLC (NYSE:CWK) Acquired by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan bought a new position in Cushman & Wakefield PLC (NYSE:CWK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,800 shares of the company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CWK. Vanguard Group Inc. raised its holdings in shares of Cushman & Wakefield by 78.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,954,653 shares of the company’s stock worth $231,628,000 after purchasing an additional 5,708,593 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Cushman & Wakefield in the second quarter worth approximately $39,532,000. BlackRock Inc. increased its position in shares of Cushman & Wakefield by 61.5% in the second quarter. BlackRock Inc. now owns 5,130,843 shares of the company’s stock worth $91,739,000 after acquiring an additional 1,954,155 shares in the last quarter. FMR LLC increased its position in shares of Cushman & Wakefield by 21.8% in the first quarter. FMR LLC now owns 9,569,175 shares of the company’s stock worth $170,332,000 after acquiring an additional 1,712,878 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Cushman & Wakefield in the second quarter worth approximately $16,279,000. Institutional investors and hedge funds own 44.70% of the company’s stock.

In related news, insider Duncan Palmer sold 3,599 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $18.82, for a total transaction of $67,733.18. Also, CEO W Brett White sold 41,770 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $17.92, for a total transaction of $748,518.40. Insiders own 0.85% of the company’s stock.

Several research firms have recently weighed in on CWK. ValuEngine downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Zacks Investment Research raised shares of Cushman & Wakefield from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Compass Point began coverage on shares of Cushman & Wakefield in a research report on Wednesday, July 10th. They issued a “neutral” rating on the stock. Finally, Barclays set a $23.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.50.

Shares of Cushman & Wakefield stock traded up $0.12 during trading on Friday, hitting $18.16. The stock had a trading volume of 403,808 shares, compared to its average volume of 339,954. The stock has a 50 day simple moving average of $17.95 and a 200 day simple moving average of $18.11. The company has a market capitalization of $3.94 billion, a PE ratio of -16.66, a P/E/G ratio of 3.25 and a beta of 2.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.42. Cushman & Wakefield PLC has a 1 year low of $13.25 and a 1 year high of $20.62.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Cushman & Wakefield had a negative net margin of 0.96% and a positive return on equity of 4.21%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Cushman & Wakefield PLC will post 0.56 earnings per share for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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