Strs Ohio Sells 1,200 Shares of Cushman & Wakefield plc (NYSE:CWK)

Strs Ohio lessened its position in Cushman & Wakefield plc (NYSE:CWK) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,900 shares of the company’s stock after selling 1,200 shares during the quarter. Strs Ohio’s holdings in Cushman & Wakefield were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CWK. AXQ Capital LP bought a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $79,000. Allspring Global Investments Holdings LLC lifted its holdings in Cushman & Wakefield by 30.9% during the 3rd 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 in the last quarter. KG&L Capital Management LLC bought a new stake in Cushman & Wakefield during the 4th quarter valued at about $109,000. PNC Financial Services Group Inc. lifted its holdings in Cushman & Wakefield by 37.4% during the 3rd 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 in the last quarter. Finally, Everhart Financial Group Inc. bought a new stake in Cushman & Wakefield during the 4th quarter valued at about $148,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 1.6 %

NYSE CWK opened at $9.72 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -57.17 and a beta of 1.34. The company’s 50-day simple moving average is $9.96 and its two-hundred day simple moving average is $9.46. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.76.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Equities analysts forecast that Cushman & Wakefield plc will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling at Cushman & Wakefield

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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 price objective for the company. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James lowered 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.08.

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.