VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 31,800 Shares of Cushman & Wakefield PLC $CWK

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 124.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,300 shares of the company’s stock after buying an additional 31,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Cushman & Wakefield were worth $912,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Cushman & Wakefield by 46.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 12,156,514 shares of the company’s stock worth $134,573,000 after acquiring an additional 3,842,859 shares during the last quarter. State Street Corp lifted its position in Cushman & Wakefield by 0.9% during the second quarter. State Street Corp now owns 9,010,052 shares of the company’s stock valued at $99,741,000 after purchasing an additional 79,473 shares in the last quarter. Geode Capital Management LLC grew its holdings in Cushman & Wakefield by 1.1% during the second quarter. Geode Capital Management LLC now owns 5,925,513 shares of the company’s stock valued at $65,603,000 after purchasing an additional 62,582 shares during the period. Frontier Capital Management Co. LLC purchased a new stake in Cushman & Wakefield in the second quarter worth about $51,764,000. Finally, Balyasny Asset Management L.P. increased its position in Cushman & Wakefield by 128.6% in the second quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after buying an additional 1,620,143 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWK has been the topic of a number of analyst reports. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a research report on Monday, November 3rd. UBS Group lifted their price target on shares of Cushman & Wakefield from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, October 8th. Zacks Research cut shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Cushman & Wakefield Trading Down 2.0%

Shares of CWK opened at $15.87 on Monday. The firm has a market cap of $3.67 billion, a P/E ratio of 16.53 and a beta of 1.47. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.33. The company has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $14.76.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Thursday, October 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, equities analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.