Cushman & Wakefield PLC (NYSE:CWK) Insider Duncan Palmer Sells 3,599 Shares of Stock

Cushman & Wakefield PLC (NYSE:CWK) insider Duncan Palmer sold 3,599 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $18.82, for a total value of $67,733.18.

Shares of NYSE:CWK traded down $0.05 during trading on Friday, hitting $18.45. 544 shares of the company traded hands, compared to its average volume of 445,497. The stock has a market capitalization of $4.03 billion and a price-to-earnings ratio of -16.97. The business’s fifty day moving average is $17.61 and its 200-day moving average is $18.12. Cushman & Wakefield PLC has a one year low of $13.25 and a one year high of $20.62. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.42.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.14 billion. Cushman & Wakefield had a positive return on equity of 4.21% and a negative net margin of 0.96%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, analysts forecast that Cushman & Wakefield PLC will post 0.56 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its holdings in shares of Cushman & Wakefield by 0.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 15,960,277 shares of the company’s stock valued at $285,370,000 after purchasing an additional 99,885 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cushman & Wakefield by 78.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,954,653 shares of the company’s stock worth $231,628,000 after buying an additional 5,708,593 shares in the last quarter. FMR LLC grew its holdings in Cushman & Wakefield by 21.8% in the 1st quarter. FMR LLC now owns 9,569,175 shares of the company’s stock worth $170,332,000 after buying an additional 1,712,878 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cushman & Wakefield by 2.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,315,634 shares of the company’s stock worth $164,701,000 after buying an additional 261,438 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Cushman & Wakefield by 61.5% in the 2nd quarter. BlackRock Inc. now owns 5,130,843 shares of the company’s stock worth $91,739,000 after buying an additional 1,954,155 shares in the last quarter. 44.70% of the stock is owned by institutional investors.

CWK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded Cushman & Wakefield from a “sell” rating to a “hold” rating in a research note on Monday. Compass Point started coverage on Cushman & Wakefield in a research note on Wednesday, July 10th. They issued a “neutral” rating on the stock. Finally, ValuEngine lowered Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.50.

About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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