Cushman & Wakefield (NYSE:CWK) Insider Laurida Sayed Sells 16,000 Shares of Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the sale, the insider directly owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $14.10 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.31 billion, a P/E ratio of 48.62 and a beta of 1.43. The company’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.44. Cushman & Wakefield PLC has a one year low of $11.56 and a one year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of Cushman & Wakefield by 21.7% during the 2nd quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after purchasing an additional 795 shares during the last quarter. Bank of America Corp DE grew its stake in Cushman & Wakefield by 13.2% during the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after buying an additional 247,475 shares during the last quarter. Janus Henderson Group PLC increased its position in Cushman & Wakefield by 9.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock valued at $21,900,000 after buying an additional 152,647 shares in the last quarter. Amundi increased its position in Cushman & Wakefield by 46.4% during the 1st quarter. Amundi now owns 57,207 shares of the company’s stock valued at $701,000 after buying an additional 18,132 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Cushman & Wakefield by 23.6% in the first quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock valued at $3,321,000 after buying an additional 51,665 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.88.

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.