Cushman & Wakefield (NYSE:CWK) Insider Sells $135,200.00 in Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the completion of the sale, the insider owned 95,704 shares in the company, valued at $1,293,918.08. The trade was a 9.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cushman & Wakefield Stock Performance

CWK stock traded down $0.32 during mid-day trading on Wednesday, reaching $13.04. The company 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 has a market capitalization of $3.05 billion, a P/E ratio of 40.74 and a beta of 1.50. Cushman & Wakefield PLC has a one year low of $9.43 and a one year high of $17.40. The stock’s 50-day simple moving average is $13.18 and its two-hundred day simple moving average is $14.83.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Research analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Cushman & Wakefield by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after acquiring an additional 397,892 shares in the last quarter. State Street Corp raised its position in Cushman & Wakefield by 2.2% in the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after acquiring an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Cushman & Wakefield by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after acquiring an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC raised its position in Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock worth $96,918,000 after acquiring an additional 29,832 shares in the last quarter. Finally, Channing Capital Management LLC raised its position in Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after acquiring an additional 1,609,190 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a report on Friday, January 16th. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a report on Monday, February 9th. Finally, 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 report on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

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.