Laurida Sayed Sells 16,000 Shares of Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Laurida Sayed sold 16,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $13.88, for a total transaction of $222,080.00. Following the transaction, the insider owned 5,461 shares in the company, valued at approximately $75,798.68. This trade represents a 74.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cushman & Wakefield Trading Up 0.6%

NYSE:CWK opened at $14.17 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 48.86 and a beta of 1.43. Cushman & Wakefield PLC has a 52 week low of $11.56 and a 52 week high of $17.40. The firm has a 50-day moving average price of $13.47 and a two-hundred day moving average price of $13.42.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results 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 return on equity of 15.90% and a net margin of 0.64%. On average, equities analysts expect that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWK. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company 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. Barclays increased their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, UBS Group lowered their price objective on shares of Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Cushman & Wakefield during the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its position in Cushman & Wakefield by 184.6% during the fourth 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 boosted its position in Cushman & Wakefield by 4,473.5% during the third 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. Finally, Covestor Ltd increased its stake in shares of Cushman & Wakefield by 4,217.7% in 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 in the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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.