Cushman & Wakefield (NYSE:CWK) Hits New 52-Week Low - Time to Sell?

Key Points

• Cushman & Wakefield shares fell to a new 52-week low of $11.48, significantly below their 50-day and 200-day moving averages near $13.30.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus from five Buy and four Hold ratings, with an average price target of $17.57.
• The company reported quarterly earnings of $0.35 per share on $2.76 billion in revenue, while two insiders recently sold shares; institutional investors nonetheless own 95.56% of the stock.

Shares of Cushman & Wakefield PLC (NYSE:CWK - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $11.48 and last traded at $11.43, with a volume of 113949 shares changing hands. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group cut their target price on shares of Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Barclays lifted 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.57.

Cushman & Wakefield Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $13.33 and a 200-day moving average price of $13.27. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 39.04 and a beta of 1.50.

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 firm had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. On average, analysts expect that Cushman & Wakefield PLC will post 1.46 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Laurida Sayed sold 16,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the completion of the sale, the insider owned 5,461 shares in the company, valued at $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathaniel Robinson sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. The trade was a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company's stock.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Cushman & Wakefield by 21.7% in the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company's stock valued at $60,000 after purchasing an additional 795 shares during the period. Impact Investors Inc acquired a new position in Cushman & Wakefield during the first quarter worth about $161,000. QRG Capital Management Inc. increased its holdings in Cushman & Wakefield by 24.4% in the second quarter. QRG Capital Management Inc. now owns 14,700 shares of the company's stock valued at $197,000 after buying an additional 2,884 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Cushman & Wakefield by 11.2% during the 1st quarter. Personal CFO Solutions LLC now owns 16,326 shares of the company's stock valued at $200,000 after acquiring an additional 1,650 shares during the period. Finally, Wedbush Securities Inc. lifted its position in shares of Cushman & Wakefield by 49.1% during the 2nd quarter. Wedbush Securities Inc. now owns 18,029 shares of the company's stock valued at $241,000 after acquiring an additional 5,941 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

About Cushman & Wakefield

Cushman & Wakefield plc NYSE: CWK is a global commercial real estate services company that advises property owners, occupiers, investors and developers. Its services cover office, industrial, retail, hospitality, multifamily and other commercial property sectors.

The company provides leasing and tenant representation, capital markets and investment sales, valuation and advisory services, property and facilities management, project and development services, and consulting. Cushman & Wakefield also supports businesses with workplace strategy, portfolio planning and other real estate-related services.

The company traces its origins to 1917, when Cushman & Wakefield was established in New York.

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