Cushman & Wakefield (NYSE:CWK) Stock: Insider Nathaniel Robinson Sells 12,518 Shares

Key Points

• Insider Nathaniel Robinson sold 12,518 Cushman & Wakefield shares at an average $13.98 apiece, totaling about $175,002. He retained 45,858 shares after the sale, reducing his position by 21.44%.
• The company beat quarterly estimates, reporting earnings of $0.37 per share versus $0.36 expected and revenue of $2.81 billion versus $2.78 billion. Revenue rose 7.7% year over year.
• Analysts’ consensus rating was Hold, with a consensus price target of $16.86; the stock traded at $13.31 in Friday’s midday session, down 1.4%.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) insider Nathaniel Robinson sold 12,518 shares of the stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $13.98, for a total transaction of $175,001.64. Following the sale, the insider directly owned 45,858 shares of the company's stock, valued at $641,094.84. The trade was a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 8th, Nathaniel Robinson sold 12,500 shares of Cushman & Wakefield stock. The shares were sold at an average price of $13.39, for a total transaction of $167,375.00.

Cushman & Wakefield Trading Down 1.4%

Shares of CWK stock traded down $0.18 during mid-day trading on Friday, reaching $13.31. The stock had a trading volume of 2,468,091 shares, compared to its average volume of 2,178,639. The firm has a market capitalization of $3.12 billion, a PE ratio of 45.89 and a beta of 1.53. The stock's 50-day moving average price is $12.55 and its two-hundred day moving average price is $13.29. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.15. Cushman & Wakefield PLC has a 52-week low of $10.88 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.78 billion. Cushman & Wakefield had a net margin of 0.63% and a return on equity of 16.60%. Cushman & Wakefield's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Equities analysts expect that Cushman & Wakefield PLC will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a "hold" rating on shares of Cushman & Wakefield in a report on Thursday. Zacks Research cut Cushman & Wakefield from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Citigroup restated a "market outperform" rating on shares of Cushman & Wakefield in a report on Thursday, October 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cushman & Wakefield in a research note on Tuesday, November 3rd. Finally, Barclays raised their price target on Cushman & Wakefield from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Cushman & Wakefield has a consensus rating of "Hold" and a consensus target price of $16.86.

Hedge Funds Weigh In On Cushman & Wakefield

A number of institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its position in Cushman & Wakefield by 14.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 17,054 shares of the company's stock valued at $201,000 after acquiring an additional 2,115 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Cushman & Wakefield by 2.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 82,075 shares of the company's stock worth $969,000 after acquiring an additional 1,893 shares during the period. First Trust Advisors LP raised its position in shares of Cushman & Wakefield by 6.5% in the 3rd quarter. First Trust Advisors LP now owns 271,621 shares of the company's stock worth $3,208,000 after acquiring an additional 16,693 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Cushman & Wakefield by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 972,764 shares of the company's stock worth $11,080,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Cushman & Wakefield by 167.7% in the 3rd quarter. Global Retirement Partners LLC now owns 6,717 shares of the company's stock worth $79,000 after acquiring an additional 4,208 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

About Cushman & Wakefield

Cushman & Wakefield NYSE: CWK is a global commercial real estate services firm that advises property owners, occupiers, investors and developers. Its services include leasing and sales brokerage, capital markets, property and facilities management, valuation, project management and real estate consulting. The company serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific. Its history traces back to Cushman & Wakefield's founding in 1917, and the current company took shape in 2015 following the combination of Cushman & Wakefield and DTZ.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.