Cushman & Wakefield (NYSE:CWK) Insider Nathaniel Robinson Sells 12,500 Shares

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider directly owned 58,376 shares of the company’s stock, valued at approximately $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded down $0.51 during trading hours on Thursday, reaching $12.66. The company’s stock had a trading volume of 1,667,402 shares, compared to its average volume of 1,968,490. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. Cushman & Wakefield PLC has a one year low of $11.56 and a one year high of $17.40. The company’s 50 day simple moving average is $13.73 and its 200 day simple moving average is $13.35. The stock has a market cap of $2.97 billion, a P/E ratio of 43.67 and a beta of 1.44.

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

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently made changes to their positions in CWK. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 valued at $33,000 after acquiring an additional 1,318 shares during the last quarter. Quarry LP raised its stake in shares of Cushman & Wakefield by 4,473.5% in the third quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after acquiring an additional 2,192 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Covestor Ltd grew its position in Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after acquiring an additional 2,615 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of research analyst reports. Weiss Ratings upgraded Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays increased their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, UBS Group decreased their price objective on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.57.

Cushman & Wakefield Company Profile

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.