Public Sector Pension Investment Board Has $6.63 Million Stake in Cushman & Wakefield plc (NYSE:CWK)

Public Sector Pension Investment Board boosted its position in Cushman & Wakefield plc (NYSE:CWK) by 12.2% in the third quarter, Holdings Channel.com reports. The firm owned 486,374 shares of the company’s stock after purchasing an additional 53,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cushman & Wakefield were worth $6,629,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after buying an additional 5,171,340 shares during the period. Victory Capital Management Inc. grew its holdings in Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after acquiring an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after acquiring an additional 1,910,212 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Cushman & Wakefield by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of Cushman & Wakefield by 3.4% during the third quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock worth $34,591,000 after purchasing an additional 84,002 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $15.30 on Friday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 41.35 and a beta of 1.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a twelve month low of $8.09 and a twelve month high of $16.11. The stock has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $12.50.

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

About Cushman & Wakefield

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.