Cushman & Wakefield (NYSE:CWK) Insider Sells $222,080.00 in Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Laurida Sayed sold 16,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the sale, the insider owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. This represents a 74.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Cushman & Wakefield Stock Up 8.4%

NYSE CWK opened at $15.35 on Thursday. Cushman & Wakefield PLC has a 1 year low of $11.56 and a 1 year high of $17.40. The stock has a market capitalization of $3.60 billion, a PE ratio of 52.92 and a beta of 1.43. 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 is $13.51 and its 200 day moving average is $13.42.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $2.76 billion during the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. Sell-side analysts forecast that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently bought and sold shares of CWK. Royal Bank of Canada lifted its holdings in shares of Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after purchasing an additional 27,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after buying an additional 5,929 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Cushman & Wakefield in the 1st quarter worth approximately $139,000. Jane Street Group LLC increased its position in Cushman & Wakefield by 1,821.3% during the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock valued at $2,855,000 after buying an additional 264,855 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in Cushman & Wakefield during the 1st quarter valued at approximately $218,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Analyst Ratings Changes

CWK has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. UBS Group decreased their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Barclays raised their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, 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. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and a consensus target price of $17.88.

Cushman & Wakefield Company Profile

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.