Cushman & Wakefield (NYSE:CWK) Insider Nathaniel Robinson Sells 12,500 Shares of Stock

Key Points

• Insider sale: Nathaniel Robinson sold 12,500 Cushman & Wakefield shares at an average price of $13.39, generating $167,375. His remaining stake fell by 17.64% to 58,376 shares.
• Stock performance: CWK shares declined 3.8% to $12.66, trading between a 52-week range of $11.56 and $17.40. The company has a market capitalization of approximately $2.97 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and four Holds and an average price target of $17.57, above the reported trading price.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider directly owned 58,376 shares of the company's stock, valued at approximately $781,654.64. The trade was a 17.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cushman & Wakefield Stock Down 3.8%

CWK stock traded down $0.51 during midday trading on Thursday, hitting $12.66. The company's stock had a trading volume of 1,667,402 shares, compared to its average volume of 1,968,490. The firm has a 50-day simple moving average of $13.73 and a 200-day simple moving average of $13.35. The firm has a market capitalization of $2.97 billion, a P/E ratio of 43.67 and a beta of 1.44. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Cushman & Wakefield PLC has a 52-week low of $11.56 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted 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 for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%. As a group, equities analysts forecast that Cushman & Wakefield PLC will post 1.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the stock a "buy" rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. UBS Group decreased their price target on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Finally, Barclays raised their price objective 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, August 17th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Cushman & Wakefield currently has an average rating of "Moderate Buy" and a consensus target price of $17.57.

Institutional Trading of Cushman & Wakefield

Several large investors have recently bought and sold shares of CWK. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cushman & Wakefield during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd lifted its stake 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 lifted its stake 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 holdings in shares of Cushman & Wakefield by 126.7% during the second 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 last quarter. Finally, Covestor Ltd boosted its holdings in shares of Cushman & Wakefield by 4,217.7% during the fourth 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 last quarter. Institutional investors and hedge funds 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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