Teacher Retirement System of Texas Has $3.51 Million Position in Cushman & Wakefield plc (NYSE:CWK)

Teacher Retirement System of Texas increased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 1,755.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 268,665 shares of the company’s stock after acquiring an additional 254,186 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cushman & Wakefield were worth $3,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake in shares of Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after acquiring an additional 2,691 shares during the last quarter. Blue Trust Inc. raised its position in shares of Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after acquiring an additional 928 shares during the last quarter. Ieq Capital LLC bought a new position in Cushman & Wakefield during the 4th quarter worth approximately $135,000. Jones Financial Companies Lllp raised its stake in Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after buying an additional 6,600 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Cushman & Wakefield in the third quarter valued at $150,000. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Trading Up 3.5 %

NYSE:CWK opened at $10.81 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. The company has a market cap of $2.48 billion, a PE ratio of 19.65 and a beta of 1.40. The firm has a 50-day moving average of $12.35 and a 200-day moving average of $13.18.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CWK. Citigroup decreased their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research note on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.