Insider Selling: Cushman & Wakefield plc (NYSE:CWK) Major Shareholder Sells 17,098,001 Shares of Stock

Cushman & Wakefield plc (NYSE:CWK) major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tpg Gp A, Llc also recently made the following trade(s):

• On Thursday, February 29th, Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96.

Cushman & Wakefield Stock Up 3.7 %

Shares of Cushman & Wakefield stock traded up $0.39 on Friday, hitting $10.79. The company had a trading volume of 10,461,299 shares, compared to its average volume of 2,301,301. The firm has a market capitalization of $2.47 billion, a P/E ratio of 269.75 and a beta of 1.33. Cushman & Wakefield plc has a twelve month low of $6.24 and a twelve month high of $11.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $10.17 and a 200-day moving average of $9.88.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Research analysts predict that Cushman & Wakefield plc will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Cushman & Wakefield

Institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. increased its stake in Cushman & Wakefield by 580.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock worth $57,644,000 after acquiring an additional 4,701,460 shares during the period. Norges Bank bought a new position in Cushman & Wakefield during the 4th quarter worth $18,742,000. Vanguard Group Inc. increased its stake in Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after acquiring an additional 1,110,076 shares during the period. DigitalBridge Group Inc. bought a new position in Cushman & Wakefield during the 3rd quarter worth $7,473,000. Finally, FMR LLC increased its stake in Cushman & Wakefield by 3.9% during the 3rd quarter. FMR LLC now owns 22,232,050 shares of the company’s stock worth $169,408,000 after acquiring an additional 834,176 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

CWK has been the topic of several research analyst reports. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James downgraded shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.