Shares of Cushman & Wakefield PLC (NYSE:CWK – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.5714.
CWK has been the topic of several research reports. Barclays upped their price objective on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, UBS Group cut their price objective on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th.
Read Our Latest Stock Report on Cushman & Wakefield
Cushman & Wakefield Trading Down 0.1%
Cushman & Wakefield (NYSE:CWK – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The company 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%. As a group, analysts predict that Cushman & Wakefield will post 1.44 earnings per share for the current fiscal year.
Insider Transactions at Cushman & Wakefield
In other news, insider Nathaniel Robinson sold 24,828 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the sale, the insider directly owned 70,876 shares of the company’s stock, valued at $939,107. This trade represents a 25.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laurida Sayed sold 16,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $13.88, for a total value of $222,080.00. Following the sale, the insider owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. This represents a 74.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.74% of the company’s stock.
Hedge Funds Weigh In On Cushman & Wakefield
A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Cushman & Wakefield by 1,212.4% in the second quarter. California State Teachers Retirement System now owns 3,555,460 shares of the company’s stock worth $47,608,000 after acquiring an additional 3,284,541 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after purchasing an additional 1,620,143 shares in the last quarter. Channing Capital Management LLC raised its holdings in shares of Cushman & Wakefield by 46.0% during the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $23,982,000. Finally, Millennium Management LLC lifted its stake 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 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.
Cushman & Wakefield Company Profile
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.
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