Insider Selling: Cushman & Wakefield (NYSE:CWK) Insider Sells $328,971.00 in Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Nathaniel Robinson sold 24,828 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. This represents a 25.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nathaniel Robinson also recently made the following trade(s):

• On Tuesday, May 12th, Nathaniel Robinson sold 10,000 shares of Cushman & Wakefield stock. The shares were sold at an average price of $13.52, for a total transaction of $135,200.00.

Cushman & Wakefield Price Performance

CWK stock opened at $13.25 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield PLC has a 52 week low of $10.14 and a 52 week high of $17.40. The firm’s fifty day moving average is $13.40 and its 200 day moving average is $14.40. The firm has a market cap of $3.11 billion, a P/E ratio of 41.42 and a beta of 1.44.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Research analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of CWK. Channing Capital Management LLC purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $55,665,000. Balyasny Asset Management L.P. lifted its position in shares of 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 purchasing an additional 1,620,143 shares during the period. Bamco Inc. NY purchased a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $23,982,000. Millennium Management LLC lifted its position in shares of Cushman & Wakefield by 374.6% in the 3rd quarter. Millennium Management LLC now owns 1,716,049 shares of the company’s stock worth $27,320,000 after purchasing an additional 1,354,476 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Cushman & Wakefield by 23.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after purchasing an additional 1,233,055 shares during the period. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CWK. Barclays cut their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

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.