Key Points
- Insider sale: Cushman & Wakefield insider Nathaniel Robinson sold 10,000 shares on May 12 at an average price of $13.52, totaling $135,200. After the sale, he still held 95,704 shares, a 9.46% reduction in his stake.
- Better-than-expected earnings: The company recently reported quarterly EPS of $0.15, topping analyst estimates of $0.13, while revenue came in at $2.54 billion, up 11% year over year and well above expectations.
- Analyst sentiment remains mixed: Cushman & Wakefield currently has a consensus rating of Moderate Buy with an average price target of $18.06, though recent notes ranged from buy and outperform to hold and equal weight.
Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 10,000 shares of the company's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total transaction of $135,200.00. Following the completion of the sale, the insider directly owned 95,704 shares in the company, valued at approximately $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 hyperlink.
Cushman & Wakefield Price Performance
NYSE:CWK opened at $13.04 on Thursday. Cushman & Wakefield PLC has a one year low of $9.43 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 40.74 and a beta of 1.50. The firm's fifty day moving average is $13.17 and its two-hundred day moving average is $14.80.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. Research analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current year.
Analyst Ratings Changes
CWK has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Morgan Stanley reissued an "overweight" rating and set a $19.00 target price on shares of Cushman & Wakefield in a research note on Friday, January 16th. Wall Street Zen lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. Barclays reduced their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, March 13th. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 price target for the company in a research report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.06.
Get Our Latest Stock Analysis on CWK
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Sei Investments Co. raised its position in shares of Cushman & Wakefield by 17.8% during the 1st quarter. Sei Investments Co. now owns 1,137,910 shares of the company's stock worth $13,951,000 after purchasing an additional 171,956 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Cushman & Wakefield by 1.8% during the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company's stock worth $602,000 after purchasing an additional 876 shares during the last quarter. First Trust Advisors LP raised its position in shares of Cushman & Wakefield by 268.4% during the 1st quarter. First Trust Advisors LP now owns 133,517 shares of the company's stock worth $1,637,000 after purchasing an additional 97,274 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company's stock worth $162,424,000 after purchasing an additional 397,892 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Cushman & Wakefield during the 1st quarter worth about $6,672,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Cushman & Wakefield Company Profile
(
Get Free Report)
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.
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