Homestead Advisers Corp Makes New Investment in Cushman & Wakefield plc (NYSE:CWK)

Homestead Advisers Corp bought a new stake in Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 182,600 shares of the company’s stock, valued at approximately $2,388,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWK. Empowered Funds LLC raised its position in Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock valued at $153,000 after purchasing an additional 1,180 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Cushman & Wakefield by 6.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 34,479 shares of the company’s stock valued at $470,000 after purchasing an additional 2,102 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cushman & Wakefield by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after purchasing an additional 301,186 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Cushman & Wakefield by 92.6% during the 3rd quarter. Citigroup Inc. now owns 310,383 shares of the company’s stock worth $4,231,000 after buying an additional 149,213 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Cushman & Wakefield by 549.6% during the 3rd quarter. Quantbot Technologies LP now owns 30,701 shares of the company’s stock worth $418,000 after buying an additional 25,975 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One research 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $10.63 on Thursday. The business has a 50 day moving average of $12.27 and a 200-day moving average of $13.15. The company has a market capitalization of $2.44 billion, a P/E ratio of 19.32 and a beta of 1.40. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11. 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 (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

About Cushman & Wakefield

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.