Nathaniel Robinson Sells 24,828 Shares of Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider owned 70,876 shares of the company’s stock, valued at approximately $939,107. The trade was a 25.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nathaniel Robinson also recently made the following trade(s):

• On Tuesday, May 12th, Nathaniel Robinson sold 10,000 shares of Cushman & Wakefield stock. The shares were sold at an average price of $13.52, for a total transaction of $135,200.00.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $13.85 on Wednesday. The firm has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $14.41. Cushman & Wakefield PLC has a 1-year low of $10.14 and a 1-year high of $17.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 43.30 and a beta of 1.44.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a research note on Friday, May 22nd. Barclays dropped their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Hedge Funds Weigh In On Cushman & Wakefield

Hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Cushman & Wakefield by 184.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,318 shares during the period. Quarry LP boosted its position in shares of Cushman & Wakefield by 4,473.5% during the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after purchasing an additional 2,192 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 period. Finally, Covestor Ltd boosted its position in shares of Cushman & Wakefield by 4,217.7% during the 4th quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after purchasing an additional 2,615 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

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.