Insider Selling: Cushman & Wakefield PLC (CWK) Insider Sells 137,172 Shares of Stock

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Cushman & Wakefield PLC (NYSE:CWK) insider W Brett White sold 137,172 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $17.08, for a total value of $2,342,897.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

W Brett White also recently made the following trade(s):

  • On Wednesday, January 30th, W Brett White sold 57,374 shares of Cushman & Wakefield stock. The shares were sold at an average price of $15.63, for a total value of $896,755.62.

Shares of CWK traded up $0.06 during mid-day trading on Monday, reaching $17.81. The company had a trading volume of 2,466,600 shares, compared to its average volume of 722,444. Cushman & Wakefield PLC has a 52-week low of $13.25 and a 52-week high of $19.62. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $3.70 billion and a price-to-earnings ratio of -16.34.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, February 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.17). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $2.20 billion. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. As a group, equities analysts anticipate that Cushman & Wakefield PLC will post 0.58 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Cushman & Wakefield by 23.8% in the 4th quarter. Geode Capital Management LLC now owns 162,774 shares of the company’s stock worth $2,355,000 after purchasing an additional 31,254 shares during the period. Norges Bank acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $29,658,000. FMR LLC raised its holdings in shares of Cushman & Wakefield by 3.1% during the fourth quarter. FMR LLC now owns 7,856,297 shares of the company’s stock valued at $113,680,000 after acquiring an additional 234,370 shares during the last quarter. CI Investments Inc. raised its holdings in shares of Cushman & Wakefield by 5.2% during the fourth quarter. CI Investments Inc. now owns 2,701,283 shares of the company’s stock valued at $39,088,000 after acquiring an additional 134,141 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $372,000. 27.79% of the stock is owned by institutional investors.

Several analysts have weighed in on CWK shares. Zacks Investment Research downgraded Cushman & Wakefield from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Bank of America set a $21.00 price target on Cushman & Wakefield and gave the company a “buy” rating in a research note on Thursday, February 28th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.11.

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Cushman & Wakefield Company Profile

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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