Cushman & Wakefield (NYSE:CWK) Insider Laurida Sayed Sells 16,000 Shares

Key Points

• Insider sale: Laurida Sayed sold 16,000 Cushman & Wakefield shares at an average price of $13.88, generating $222,080. After the transaction, Sayed retained 5,461 shares, a 74.55% reduction in ownership.
• Stock and financial performance: CWK shares recently traded at $14.10, near their 50-day and 200-day moving averages. The company reported quarterly revenue of $2.76 billion and earnings of $0.35 per share, while analysts expect $1.44 in full-year EPS.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with five Buy and five Hold ratings and an average price target of $17.88. Recent actions included UBS cutting its target to $15, while Barclays raised its target to $16.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Laurida Sayed sold 16,000 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the completion of the sale, the insider directly owned 5,461 shares of the company's stock, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cushman & Wakefield Price Performance

Shares of CWK stock traded down $0.30 on Monday, hitting $14.10. 1,258,701 shares of the stock traded hands, compared to its average volume of 1,985,593. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 1.08. Cushman & Wakefield PLC has a 52 week low of $11.56 and a 52 week high of $17.40. The firm has a 50 day simple moving average of $13.45 and a two-hundred day simple moving average of $13.46. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 48.62 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The company had revenue of $2.76 billion during the quarter. As a group, equities research analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on CWK shares. 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 Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. 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. Finally, Barclays increased their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.88.

Institutional Trading of Cushman & Wakefield

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Cushman & Wakefield by 21.7% during the second 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 in the last quarter. Cerity Partners LLC grew its stake in Cushman & Wakefield by 7.4% in the fourth quarter. Cerity Partners LLC now owns 12,572 shares of the company's stock worth $204,000 after purchasing an additional 865 shares in the last quarter. Cetera Investment Advisers increased its holdings in Cushman & Wakefield by 1.8% during the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company's stock worth $602,000 after purchasing an additional 876 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Cushman & Wakefield by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company's stock worth $859,000 after purchasing an additional 900 shares during the period. Finally, First Horizon Corp increased its holdings in Cushman & Wakefield by 52.0% during the 4th quarter. First Horizon Corp now owns 3,040 shares of the company's stock worth $49,000 after purchasing an additional 1,040 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.

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