Key Points
- Insider Nathaniel Robinson sold 12,500 Cushman & Wakefield shares at an average price of $13.39, for total proceeds of $167,375. The sale reduced his direct ownership by 17.64% to 58,376 shares.
- CWK shares opened at $12.66, with a 52-week range of $11.56 to $17.40 and a market capitalization of approximately $2.97 billion. The company recently reported quarterly EPS of $0.35 on revenue of $2.76 billion.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $17.57, compared with the stock’s current price. Institutional investors and hedge funds own approximately 95.56% of the company.
Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider directly owned 58,376 shares in the company, valued at approximately $781,654.64. The trade was a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Cushman & Wakefield Price Performance
Shares of Cushman & Wakefield stock opened at $12.66 on Friday. Cushman & Wakefield PLC has a 52 week low of $11.56 and a 52 week high of $17.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.97 billion, a PE ratio of 43.67 and a beta of 1.44. The company's 50-day moving average price is $13.70 and its two-hundred day moving average price is $13.35.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. As a group, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.46 EPS for the current fiscal year.
Analysts Set New Price Targets
CWK has been the subject of a number of research reports. Weiss Ratings upgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Barclays upped their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. UBS Group cut their price objective on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.57.
Read Our Latest Report on Cushman & Wakefield
Institutional Trading of Cushman & Wakefield
Institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new position in Cushman & Wakefield in the 4th quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd raised its stake in Cushman & Wakefield by 184.6% during the 4th 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 raised its stake in Cushman & Wakefield by 4,473.5% during the 3rd 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. EverSource Wealth Advisors LLC lifted its holdings in shares of Cushman & Wakefield by 126.7% in 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 in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Cushman & Wakefield by 4,217.7% in 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 in the last quarter. 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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