Cushman & Wakefield (NYSE:CWK) Insider Sells $328,971.00 in Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 70,876 shares of the company’s stock, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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

Shares of Cushman & Wakefield stock traded down $0.12 during midday trading on Monday, reaching $13.25. The company had a trading volume of 1,634,486 shares, compared to its average volume of 1,935,157. The stock has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $14.43. 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 PLC has a 1-year low of $10.14 and a 1-year high of $17.40. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 41.40 and a beta of 1.44.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 last quarter. Quarry LP increased its stake in shares of 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 last quarter. Finally, Covestor Ltd increased its stake in shares of 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 purchasing an additional 2,615 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

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.