Cushman & Wakefield (NYSE:CWK) Director Angela Sun Sells 6,800 Shares

Key Points

• Angela Sun, a director at Cushman & Wakefield, sold 6,800 shares at an average price of $16.02, reducing her ownership by 12.76% and bringing her total holdings down to 46,498 shares.
• Cushman & Wakefield reported earnings of $0.30 per share for the last quarter, surpassing analysts' estimates of $0.22, while revenue was $1.65 billion, below the forecast of $2.38 billion.
• Brokerages have varied target prices for Cushman & Wakefield, with JPMorgan raising its target from $13.00 to $20.00, reflecting a mixed sentiment among analysts regarding the stock's performance.

Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) Director Angela Sun sold 6,800 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $16.02, for a total value of $108,936.00. Following the transaction, the director directly owned 46,498 shares of the company's stock, valued at $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock traded up $0.04 during mid-day trading on Friday, hitting $16.63. 1,620,436 shares of the company were exchanged, compared to its average volume of 1,996,825. The company has a market capitalization of $3.85 billion, a P/E ratio of 18.90 and a beta of 1.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.77. The business's 50 day simple moving average is $13.75 and its two-hundred day simple moving average is $11.38.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.08. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cushman & Wakefield

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Cushman & Wakefield by 2.6% in the first quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock worth $13,367,000 after buying an additional 32,795 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Cushman & Wakefield by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock worth $5,972,000 after buying an additional 11,247 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Cushman & Wakefield in the first quarter worth about $333,000. Deutsche Bank AG boosted its position in shares of Cushman & Wakefield by 58.0% in the fourth quarter. Deutsche Bank AG now owns 206,164 shares of the company's stock worth $2,697,000 after buying an additional 75,693 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Cushman & Wakefield in the first quarter worth about $11,086,000. Hedge funds and other institutional investors own 95.56% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CWK. Citizens Jmp began coverage on Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price objective for the company. JMP Securities lifted their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $13.00 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. UBS Group lifted their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.13.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.