Intech Investment Management LLC Invests $3.13 Million in Cushman & Wakefield plc (NYSE:CWK)

Intech Investment Management LLC purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 229,249 shares of the company’s stock, valued at approximately $3,125,000. Intech Investment Management LLC owned approximately 0.10% of Cushman & Wakefield as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares during the last quarter. CWM LLC lifted its position in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after acquiring an additional 2,080 shares during the last quarter. GAMMA Investing LLC boosted its stake in Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after acquiring an additional 1,629 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Cushman & Wakefield during the second quarter worth about $105,000. Finally, KBC Group NV increased its position in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after purchasing an additional 1,915 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Trading Up 2.1 %

Shares of Cushman & Wakefield stock opened at $14.44 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $3.31 billion, a P/E ratio of 39.03 and a beta of 1.30. Cushman & Wakefield plc has a 1 year low of $8.09 and a 1 year high of $16.11. The company’s fifty day moving average is $13.54 and its two-hundred day moving average is $12.32.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th.

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.