Raymond James & Associates Sells 8,096 Shares of Cushman & Wakefield plc (NYSE:CWK)

Raymond James & Associates lessened its position in Cushman & Wakefield plc (NYSE:CWK) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,725 shares of the company’s stock after selling 8,096 shares during the quarter. Raymond James & Associates’ holdings in Cushman & Wakefield were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in Cushman & Wakefield during the third quarter valued at about $79,000. Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 30.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the period. Everhart Financial Group Inc. purchased a new stake in Cushman & Wakefield during the fourth quarter valued at about $148,000. PNC Financial Services Group Inc. boosted its position in Cushman & Wakefield by 37.4% during the third quarter. PNC Financial Services Group Inc. now owns 15,434 shares of the company’s stock valued at $118,000 after buying an additional 4,201 shares during the period. Finally, Olympiad Research LP boosted its position in Cushman & Wakefield by 13.2% during the third quarter. Olympiad Research LP now owns 20,006 shares of the company’s stock valued at $152,000 after buying an additional 2,332 shares during the period. Institutional investors own 95.56% of the company’s stock.

Insider Buying and Selling

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Price Performance

CWK stock opened at $9.72 on Friday. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $11.76. The company has a market cap of $2.21 billion, a P/E ratio of -57.17 and a beta of 1.34. The firm has a 50-day moving average of $9.96 and a 200 day moving average of $9.45. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Cushman & Wakefield’s revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Cushman & Wakefield plc will post 0.99 EPS for the current year.

Cushman & Wakefield Profile

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.