Nathaniel Robinson Sells 12,500 Shares of Cushman & Wakefield (NYSE:CWK) Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total transaction of $167,375.00. Following the completion of the transaction, the insider owned 58,376 shares in the company, valued at $781,654.64. This represents a 17.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $12.91 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of 44.53 and a beta of 1.44. The firm’s 50 day simple moving average is $13.68 and its 200-day simple moving average is $13.35. Cushman & Wakefield PLC has a one year low of $11.56 and a one year high of $17.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Cushman & Wakefield had a return on equity of 15.90% and a net margin of 0.64%.The firm had revenue of $2.76 billion during the quarter. As a group, equities analysts predict that Cushman & Wakefield PLC will post 1.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. UBS Group cut their price target on 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 Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Barclays upped 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 note on Monday, August 17th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.57.

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently made changes to their positions in CWK. California State Teachers Retirement System increased its position in shares of Cushman & Wakefield by 1,212.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,555,460 shares of the company’s stock valued at $47,608,000 after acquiring an additional 3,284,541 shares during the period. Balyasny Asset Management L.P. raised its stake in Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock worth $31,876,000 after acquiring an additional 1,620,143 shares during the last quarter. Channing Capital Management LLC lifted its position in Cushman & Wakefield by 46.0% during the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock worth $82,662,000 after acquiring an additional 1,609,190 shares during the period. Bamco Inc. NY acquired a new stake in Cushman & Wakefield during the 4th quarter worth about $23,982,000. Finally, Millennium Management LLC grew its stake in Cushman & Wakefield by 374.6% during the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock valued at $27,320,000 after purchasing an additional 1,354,476 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Cushman & Wakefield

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.