Cushman & Wakefield (NYSE:CWK) Stock: Insider Nathaniel Robinson Sells 12,518 Shares

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 12,518 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $13.98, for a total value of $175,001.64. Following the sale, the insider directly owned 45,858 shares of the company’s stock, valued at approximately $641,094.84. This represents a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nathaniel Robinson also recently made the following trade(s):

• On Tuesday, September 8th, Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield stock. The stock was sold at an average price of $13.39, for a total value of $167,375.00.

Cushman & Wakefield Price Performance

Shares of NYSE CWK traded down $0.18 during mid-day trading on Friday, reaching $13.31. The company had a trading volume of 2,468,091 shares, compared to its average volume of 3,470,596. The company has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $13.28. The stock has a market cap of $3.12 billion, a PE ratio of 45.89 and a beta of 1.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.15. Cushman & Wakefield PLC has a 1-year low of $10.88 and a 1-year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Cushman & Wakefield had a return on equity of 16.60% and a net margin of 0.63%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the business posted $0.29 earnings per share. Cushman & Wakefield’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Cushman & Wakefield PLC will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CWK. Morgan Stanley cut their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. UBS Group decreased their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Citizens Jmp dropped their target price on shares of Cushman & Wakefield from $19.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 22nd. Citigroup reissued a “market outperform” rating on shares of Cushman & Wakefield in a research report on Thursday, October 22nd. Finally, Zacks Research lowered shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.86.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently bought and sold shares of the business. Jump Financial LLC grew its stake in Cushman & Wakefield by 78.6% during the 3rd quarter. Jump Financial LLC now owns 644,859 shares of the company’s stock valued at $7,616,000 after acquiring an additional 283,859 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Cushman & Wakefield by 56.3% in the third quarter. Pathstone Holdings LLC now owns 60,849 shares of the company’s stock worth $719,000 after purchasing an additional 21,923 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Cushman & Wakefield by 2.2% in the third quarter. Marshall Wace LLP now owns 230,485 shares of the company’s stock worth $2,722,000 after purchasing an additional 4,958 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Cushman & Wakefield by 14.2% during the third quarter. Bleakley Financial Group LLC now owns 17,054 shares of the company’s stock worth $201,000 after purchasing an additional 2,115 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Cushman & Wakefield by 2.4% during the third quarter. Benjamin Edwards Inc. now owns 82,075 shares of the company’s stock worth $969,000 after purchasing an additional 1,893 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield’s founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.