Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 24,828 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the transaction, the insider owned 70,876 shares in the company, valued at approximately $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Nathaniel Robinson also recently made the following trade(s):
- On Tuesday, May 12th, Nathaniel Robinson sold 10,000 shares of Cushman & Wakefield stock. The stock was sold at an average price of $13.52, for a total transaction of $135,200.00.
Cushman & Wakefield Trading Down 0.9%
Shares of NYSE CWK opened at $13.25 on Tuesday. The firm's 50 day moving average price is $13.33 and its 200-day moving average price is $14.42. The company has a market cap of $3.10 billion, a PE ratio of 41.40 and a beta of 1.45. Cushman & Wakefield PLC has a 52-week low of $10.14 and a 52-week 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.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, equities research analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. Barclays dropped their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, March 13th. Wolfe Research upgraded shares of Cushman & Wakefield from a "peer perform" rating to an "outperform" rating and set a $19.00 target price on the stock in a research note on Monday, February 9th. The Goldman Sachs Group set a $17.00 price objective on shares of Cushman & Wakefield and gave the company a "buy" rating in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and an average target price of $18.00.
Get Our Latest Research Report on Cushman & Wakefield
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company's stock valued at $26,000 after purchasing an additional 1,321 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Cushman & Wakefield during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $33,000 after purchasing an additional 1,318 shares during the period. Quarry LP lifted 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 valued at $36,000 after purchasing an additional 2,192 shares during the period. Finally, Covestor Ltd lifted its position in Cushman & Wakefield by 4,217.7% during the fourth quarter. Covestor Ltd now owns 2,677 shares of the company's stock valued at $43,000 after purchasing an additional 2,615 shares during the period. Institutional investors own 95.56% of the company's stock.
About Cushman & Wakefield
(
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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