Nathaniel Robinson Sells 10,000 Shares of Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the completion of the transaction, the insider owned 95,704 shares of the company’s stock, valued at $1,293,918.08. This trade represents a 9.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Cushman & Wakefield Trading Down 1.8%

Shares of CWK opened at $12.81 on Friday. Cushman & Wakefield PLC has a fifty-two week low of $9.43 and a fifty-two week high of $17.40. The stock has a fifty day moving average of $13.16 and a two-hundred day moving average of $14.77. The company has a market capitalization of $3.00 billion, a PE ratio of 40.03 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13.

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

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently added to or reduced their stakes in CWK. EverSource Wealth Advisors LLC boosted its position in Cushman & Wakefield by 126.7% during the 2nd 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. First Horizon Corp purchased a new stake in Cushman & Wakefield during the 3rd quarter worth $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Cushman & Wakefield during the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its position in Cushman & Wakefield by 184.6% during the 4th 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. Finally, Quarry LP boosted its position in Cushman & Wakefield by 4,473.5% during the 3rd 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. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CWK. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Barclays lowered their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Morgan Stanley reissued an “overweight” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a research note on Friday, January 16th. Finally, Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

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.