Key Points
- Insider Nathaniel Robinson sold 12,518 Cushman & Wakefield shares at an average price of $13.98, totaling about $175,002. He retained 45,858 shares after the sale, a 21.44% reduction in his position.
- The company reported quarterly EPS of $0.37, slightly above the $0.36 consensus, and revenue of $2.81 billion versus expectations of $2.78 billion; revenue rose 7.7% year over year.
- Analysts’ average rating was Hold, with an average price target of $16.86. The stock traded at $13.31 in Friday’s session.
Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 12,518 shares of the firm's stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $13.98, for a total value of $175,001.64. Following the completion of the transaction, the insider owned 45,858 shares in the company, valued at approximately $641,094.84. This represents a 21.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 Trading Down 1.4%
NYSE:CWK traded down $0.18 on Friday, hitting $13.31. 2,468,091 shares of the stock were exchanged, compared to its average volume of 3,470,596. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 45.89 and a beta of 1.53. Cushman & Wakefield PLC has a 52 week low of $10.88 and a 52 week high of $17.40. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.06 and a current ratio of 1.06. The company's 50-day moving average price is $12.55 and its 200 day moving average price is $13.28.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.78 billion. Cushman & Wakefield had a net margin of 0.63% and a return on equity of 16.60%. The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.47 earnings per share for the current year.
Institutional Trading of Cushman & Wakefield
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Cushman & Wakefield by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company's stock valued at $162,424,000 after acquiring an additional 397,892 shares during the period. Eurizon Capital SGR S.p.A. grew its holdings in Cushman & Wakefield by 18.4% during the third quarter. Eurizon Capital SGR S.p.A. now owns 8,003,931 shares of the company's stock valued at $94,450,000 after purchasing an additional 1,242,632 shares during the period. Bank of America Corp DE grew its holdings in Cushman & Wakefield by 13.2% during the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company's stock valued at $26,070,000 after purchasing an additional 247,475 shares during the period. Janus Henderson Group PLC grew its holdings in Cushman & Wakefield by 9.3% during the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company's stock valued at $21,900,000 after purchasing an additional 152,647 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Cushman & Wakefield by 4.9% in the first quarter. Principal Financial Group Inc. now owns 1,426,178 shares of the company's stock valued at $17,485,000 after purchasing an additional 66,382 shares in the last quarter. 95.56% of the stock is owned by institutional investors.
Analysts Set New Price Targets
CWK has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Cushman & Wakefield in a research note on Tuesday, November 3rd. UBS Group reduced their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Cushman & Wakefield in a research note on Thursday. Citigroup reaffirmed a "market outperform" rating on shares of Cushman & Wakefield in a report on Thursday, October 22nd. Finally, Barclays upped their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Monday, August 17th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.86.
Read Our Latest Report on CWK
About Cushman & Wakefield
(
Get Free Report)
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.
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