Insider Selling: Cushman & Wakefield (NYSE:CWK) Insider Sells 10,000 Shares of Stock

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

Cushman & Wakefield Price Performance

Cushman & Wakefield stock traded down $0.32 during midday trading on Wednesday, hitting $13.04. The company’s stock had a trading volume of 1,183,153 shares, compared to its average volume of 1,896,436. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.34. The stock’s 50-day moving average price is $13.18 and its 200-day moving average price is $14.83. Cushman & Wakefield PLC has a 12 month low of $9.43 and a 12 month high of $17.40. The company has a market capitalization of $3.05 billion, a PE ratio of 40.74 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating 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 company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on CWK. Barclays reduced 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. Wall Street Zen lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Hedge Funds Weigh In On Cushman & Wakefield

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after buying an additional 1,321 shares during the last quarter. First Horizon Corp bought a new stake in Cushman & Wakefield during the third quarter worth approximately $32,000. Aster Capital Management DIFC Ltd bought a new stake in Cushman & Wakefield during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its position in Cushman & Wakefield by 184.6% during the fourth 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 third 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. Institutional investors and hedge funds 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.