Insider Selling: Cushman & Wakefield (NYSE:CWK) Insider Sells $167,375.00 in Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total value of $167,375.00. Following the completion of the sale, the insider owned 58,376 shares of the company’s stock, valued at $781,654.64. This trade represents a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cushman & Wakefield Trading Up 1.8%

Shares of NYSE:CWK opened at $12.91 on Friday. Cushman & Wakefield PLC has a 1 year low of $11.56 and a 1 year high of $17.40. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 44.53 and a beta of 1.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50 day moving average price is $13.68 and its 200-day moving average price is $13.35.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS 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%. On average, equities research analysts forecast that Cushman & Wakefield PLC will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CWK shares. Weiss Ratings raised shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Barclays lifted their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock 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 note on Monday, August 10th. Finally, The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a research report 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Institutional Trading of Cushman & Wakefield

Several large investors have recently bought and sold shares of CWK. EverSource Wealth Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after purchasing an additional 1,321 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Cushman & Wakefield during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 1,318 shares during the last quarter. Quarry LP boosted its stake in Cushman & Wakefield by 4,473.5% during the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 2,192 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Cushman & Wakefield by 4,217.7% in the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock valued at $43,000 after buying an additional 2,615 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.