Cushman & Wakefield (NYSE:CWK) Trading Down 2.5%

Shares of Cushman & Wakefield plc (NYSE:CWK - Get Free Report) were down 2.5% on Tuesday . The stock traded as low as $10.70 and last traded at $10.71. Approximately 117,038 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 2,106,995 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday. Raymond James lowered shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 target price on the stock. in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Cushman & Wakefield presently has an average rating of "Hold" and a consensus price target of $10.75.

Cushman & Wakefield Price Performance

The company's 50-day moving average is $10.19 and its 200-day moving average is $9.26. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -62.41 and a beta of 1.34. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. Cushman & Wakefield's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. On average, research analysts expect that Cushman & Wakefield plc will post 0.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathaniel Robinson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now owns 40,427 shares in the company, valued at $403,865.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Nathaniel Robinson sold 40,000 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares of the company's stock, valued at approximately $403,865.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company's stock, valued at $166,534,529.74. The disclosure for this sale can be found here. 1.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Cushman & Wakefield by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company's stock worth $298,925,000 after buying an additional 1,098,245 shares in the last quarter. FMR LLC lifted its stake in shares of Cushman & Wakefield by 3.9% in the third quarter. FMR LLC now owns 22,232,050 shares of the company's stock worth $169,408,000 after acquiring an additional 834,176 shares in the last quarter. BlackRock Inc. boosted its holdings in Cushman & Wakefield by 0.4% in the first quarter. BlackRock Inc. now owns 21,967,964 shares of the company's stock valued at $231,542,000 after purchasing an additional 77,255 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Cushman & Wakefield by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,073,848 shares of the company's stock valued at $76,400,000 after purchasing an additional 825,570 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Cushman & Wakefield by 258.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 7,049,508 shares of the company's stock valued at $74,302,000 after purchasing an additional 5,084,634 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.