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

Cushman & Wakefield PLC (NYSE:CWK) insider Laurida Sayed sold 16,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider owned 5,461 shares in the company, valued at approximately $75,798.68. This represents a 74.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cushman & Wakefield Stock Down 2.1%

NYSE:CWK traded down $0.30 during mid-day trading on Monday, reaching $14.10. The company’s stock had a trading volume of 1,258,701 shares, compared to its average volume of 1,985,593. Cushman & Wakefield PLC has a 1 year low of $11.56 and a 1 year high of $17.40. The stock has a fifty day moving average of $13.45 and a 200-day moving average of $13.46. The firm has a market capitalization of $3.31 billion, a PE ratio of 48.62 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

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

Analyst Ratings Changes

CWK has been the topic of several research reports. The Goldman Sachs Group set a $17.00 price objective on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. UBS Group dropped their target price on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Barclays lifted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cushman & Wakefield has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Cushman & Wakefield by 21.7% during the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after acquiring an additional 795 shares in the last quarter. Bank of America Corp DE boosted its position in Cushman & Wakefield by 13.2% in the 1st quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock worth $26,070,000 after purchasing an additional 247,475 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Cushman & Wakefield by 9.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after purchasing an additional 152,647 shares during the period. Amundi grew its stake in shares of Cushman & Wakefield by 46.4% during the 1st quarter. Amundi now owns 57,207 shares of the company’s stock worth $701,000 after purchasing an additional 18,132 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Cushman & Wakefield by 23.6% during the 1st quarter. California State Teachers Retirement System now owns 270,919 shares of the company’s stock valued at $3,321,000 after purchasing an additional 51,665 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.