Cushman & Wakefield (NYSE:CWK) Hits New 12-Month Low – Here’s Why

Shares of Cushman & Wakefield PLC (NYSE:CWK) hit 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. The stock had previously closed at $11.94.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CWK. Weiss Ratings raised Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. UBS Group lowered their price target on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Barclays boosted their price target on 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.57.

Cushman & Wakefield Price 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 company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 40.93 and a beta of 1.50. The stock’s 50-day simple moving average is $13.25 and its two-hundred day simple moving average is $13.27.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts predict that Cushman & Wakefield PLC will post 1.46 earnings per share for the current year.

Insider Activity at Cushman & Wakefield

In other Cushman & Wakefield news, 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 transaction of $167,375.00. Following the completion of the sale, the insider directly owned 58,376 shares in the company, valued at approximately $781,654.64. The trade was a 17.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider directly owned 5,461 shares of the company’s stock, valued at $75,798.68. The trade was a 74.55% decrease in their position. The SEC filing for this sale provides additional information. 0.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after purchasing an additional 397,892 shares during the last quarter. Bank of America Corp DE raised its position in shares of Cushman & Wakefield by 13.2% in the first quarter. Bank of America Corp DE now owns 2,126,440 shares of the company’s stock valued at $26,070,000 after buying an additional 247,475 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cushman & Wakefield by 9.3% in the first quarter. Janus Henderson Group PLC now owns 1,786,205 shares of the company’s stock worth $21,900,000 after buying an additional 152,647 shares in the last quarter. Principal Financial Group Inc. boosted its position in Cushman & Wakefield by 4.9% during the first quarter. Principal Financial Group Inc. now owns 1,426,178 shares of the company’s stock worth $17,485,000 after acquiring an additional 66,382 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Cushman & Wakefield by 17.8% during the first quarter. Sei Investments Co. now owns 1,137,910 shares of the company’s stock worth $13,951,000 after acquiring an additional 171,956 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Company Profile

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.