Insider Selling: Cushman & Wakefield PLC (CWK) Major Shareholder Sells $32,615,233.56 in Stock

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Cushman & Wakefield PLC (NYSE:CWK) major shareholder Tpg Asia Advisors Vi, Inc. sold 1,909,557 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $17.08, for a total transaction of $32,615,233.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of CWK opened at $18.43 on Friday. The company has a market cap of $3.81 billion and a P/E ratio of -16.91. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.35 and a current ratio of 1.35. Cushman & Wakefield PLC has a twelve month low of $13.25 and a twelve month high of $19.62.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Wednesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.17). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $2.20 billion. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Analysts predict that Cushman & Wakefield PLC will post 0.63 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Enlightenment Research LLC bought a new position in Cushman & Wakefield during the fourth quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Cushman & Wakefield during the fourth quarter valued at approximately $46,000. Verition Fund Management LLC bought a new position in Cushman & Wakefield during the third quarter valued at approximately $310,000. NumerixS Investment Technologies Inc raised its position in Cushman & Wakefield by 171.4% during the fourth quarter. NumerixS Investment Technologies Inc now owns 20,900 shares of the company’s stock valued at $299,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Cushman & Wakefield in the third quarter valued at approximately $436,000. 27.79% of the stock is currently owned by hedge funds and other institutional investors.

CWK has been the subject of several research reports. Bank of America set a $21.00 price target on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Cushman & Wakefield from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Monday, January 14th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Cushman & Wakefield has an average rating of “Buy” and an average target price of $20.11.

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About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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