Key Points
- Insider Laurida Sayed sold 16,000 Cushman & Wakefield shares at an average price of $13.88, generating $222,080. Following the transaction, Sayed retained 5,461 shares, a 74.55% reduction in ownership.
- Cushman & Wakefield recently reported quarterly EPS of $0.35 on revenue of $2.76 billion, while shares opened at $14.10 and remained near their 50- and 200-day moving averages.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $17.88; institutional investors own approximately 95.56% of the company’s stock.
Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Laurida Sayed sold 16,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the sale, the insider owned 5,461 shares of the company's stock, valued at $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Cushman & Wakefield Trading Down 2.1%
Shares of Cushman & Wakefield stock opened at $14.10 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. Cushman & Wakefield PLC has a 12-month low of $11.56 and a 12-month high of $17.40. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 48.62 and a beta of 1.43. The firm's 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $13.44.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The business had revenue of $2.76 billion during the quarter. Analysts predict 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 added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company's stock valued at $26,000 after buying an additional 1,321 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $33,000 after acquiring an additional 1,318 shares during the period. Quarry LP raised 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 acquiring an additional 2,192 shares in the last quarter. Finally, Covestor Ltd raised 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 acquiring an additional 2,615 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CWK has been the subject of a number of research reports. Barclays lifted their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Monday. The Goldman Sachs Group set a $17.00 price objective on Cushman & Wakefield and gave the stock a "buy" rating in a research note on Friday, May 22nd. UBS Group dropped their target price on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cushman & Wakefield currently has an average rating of "Moderate Buy" and a consensus target price of $17.88.
View Our Latest Research Report on Cushman & Wakefield
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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