Cushman & Wakefield (NYSE:CWK) Insider Nathaniel Robinson Sells 24,828 Shares

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the transaction, the insider owned 70,876 shares in the company, valued at $939,107. The trade was a 25.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nathaniel Robinson also recently made the following trade(s):

• On Tuesday, May 12th, Nathaniel Robinson sold 10,000 shares of Cushman & Wakefield stock. The shares were sold at an average price of $13.52, for a total transaction of $135,200.00.

Cushman & Wakefield Price Performance

CWK stock opened at $13.25 on Tuesday. The firm’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $14.42. Cushman & Wakefield PLC has a 12-month low of $10.14 and a 12-month high of $17.40. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 41.40 and a beta of 1.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Analysts Set New Price Targets

CWK has been the topic of a number of analyst reports. Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Monday, February 9th. Barclays reduced their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Cushman & Wakefield in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd grew its holdings in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,318 shares during the period. Quarry LP grew its holdings in Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares during the period. Finally, Covestor Ltd grew its holdings in Cushman & Wakefield by 4,217.7% in the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after purchasing an additional 2,615 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.