Cushman & Wakefield (NYSE:CWK) Reaches New 1-Year Low – Here’s Why

Cushman & Wakefield PLC (NYSE:CWK) reached a new 52-week low on Wednesday. The stock traded as low as $11.48 and last traded at $11.43, with a volume of 113949 shares trading hands. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

A number of research firms have commented on CWK. Weiss Ratings upgraded Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. UBS Group lowered their price target on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Finally, Barclays lifted their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.57.

Cushman & Wakefield Trading Down 4.9%

The stock has a market capitalization of $2.66 billion, a PE ratio of 39.04 and a beta of 1.50. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average is $13.33 and its two-hundred day moving average is $13.27.

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

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 12,500 shares of the business’s stock in a transaction 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 transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. The trade was a 17.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laurida Sayed sold 16,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the transaction, the insider directly owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in Cushman & Wakefield by 21.7% during the 2nd quarter. Versant Capital Management Inc now owns 4,464 shares of the company’s stock valued at $60,000 after acquiring an additional 795 shares during the last quarter. Impact Investors Inc acquired a new stake in shares of Cushman & Wakefield in the 1st quarter valued at about $161,000. QRG Capital Management Inc. raised its stake in shares of Cushman & Wakefield by 24.4% in the 2nd quarter. QRG Capital Management Inc. now owns 14,700 shares of the company’s stock valued at $197,000 after purchasing an additional 2,884 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Cushman & Wakefield by 11.2% during the first quarter. Personal CFO Solutions LLC now owns 16,326 shares of the company’s stock worth $200,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in Cushman & Wakefield by 49.1% in the second quarter. Wedbush Securities Inc. now owns 18,029 shares of the company’s stock worth $241,000 after purchasing an additional 5,941 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that advises property owners, occupiers, investors and developers. Its services cover office, industrial, retail, hospitality, multifamily and other commercial property sectors.

The company provides leasing and tenant representation, capital markets and investment sales, valuation and advisory services, property and facilities management, project and development services, and consulting. Cushman & Wakefield also supports businesses with workplace strategy, portfolio planning and other real estate-related services.

The company traces its origins to 1917, when Cushman & Wakefield was established in New York.