VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.52 Million in Cushman & Wakefield PLC $CWK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cushman & Wakefield PLC (NYSE:CWK) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 113,200 shares of the company’s stock, valued at approximately $1,516,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Cushman & Wakefield by 39.6% during the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after buying an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cushman & Wakefield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after acquiring an additional 5,929 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Cushman & Wakefield in the first quarter worth approximately $139,000. Jane Street Group LLC boosted its stake in shares of Cushman & Wakefield by 1,821.3% in the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after acquiring an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Cushman & Wakefield during the first quarter worth approximately $218,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total transaction of $167,375.00. Following the transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. The trade was a 17.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the transaction, the insider directly owned 5,461 shares in the company, valued at approximately $75,798.68. The trade was a 74.55% decrease in their position. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by corporate insiders.

Cushman & Wakefield Price Performance

CWK stock opened at $12.91 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $13.35. The firm has a market capitalization of $3.03 billion, a PE ratio of 44.53 and a beta of 1.44. Cushman & Wakefield PLC has a 1 year low of $11.56 and a 1 year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%.The firm had revenue of $2.76 billion during the quarter. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CWK shares. Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Barclays lifted their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. UBS Group reduced their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Cushman & Wakefield Profile

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.