Insider Selling: Cushman & Wakefield (NYSE:CWK) Insider Sells $135,200.00 in Stock

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

Cushman & Wakefield Trading Down 2.9%

Shares of CWK opened at $12.45 on Friday. The firm’s 50-day moving average price is $13.14 and its 200-day moving average price is $14.75. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 38.90 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 1-year low of $9.43 and a 1-year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CWK shares. Barclays cut their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note 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 research note 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 research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.06.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new stake in Cushman & Wakefield during the fourth quarter worth about $32,000. First Horizon Corp bought a new stake in Cushman & Wakefield during the third quarter worth about $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 acquiring an additional 1,318 shares in the last quarter. Quarry LP lifted its stake in shares of Cushman & Wakefield by 4,473.5% in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake 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 worth $26,000 after buying an additional 1,321 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

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.