Cushman & Wakefield (NYSE:CWK) Insider Nathaniel Robinson Sells 10,000 Shares of Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $13.52, for a total value of $135,200.00. Following the transaction, the insider directly owned 95,704 shares in the company, valued at approximately $1,293,918.08. The trade was a 9.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $13.04 on Thursday. The business’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $14.80. The company has a market cap of $3.05 billion, a PE ratio of 40.74 and a beta of 1.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a 12-month low of $9.43 and a 12-month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. Analysts expect that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Cushman & Wakefield by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock valued at $162,424,000 after buying an additional 397,892 shares during the last quarter. State Street Corp boosted its holdings in Cushman & Wakefield by 2.2% in the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock valued at $147,946,000 after purchasing an additional 197,430 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Cushman & Wakefield by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after purchasing an additional 1,233,055 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cushman & Wakefield by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock valued at $96,918,000 after purchasing an additional 29,832 shares during the last quarter. Finally, Channing Capital Management LLC boosted its holdings in Cushman & Wakefield by 46.0% in the fourth quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays reduced their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a report on Monday, February 9th. Finally, Morgan Stanley reissued an “overweight” rating and set a $19.00 price objective on shares of Cushman & Wakefield in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Moderate Buy” and an average target price of $18.06.

About Cushman & Wakefield

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.