Cushman & Wakefield (CWK)

Company Profile

cushman & wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. the firm’s 43,000 employees in more than 60 countries provides deep local and global insights that create significant value for occupiers and investors around the world.

Company profile

Ticker

CWK

Exchange

NYSE

Website

cushmanwakefield.com

CEO

John Forrester

Incorporated

Jersey

Location

United Kingdom

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Offices of Real Estate Agents and Brokers

Industry (SIC)

Real Estate

Claros Mortgage Trust • CBRE • Ellington Financial • Retail Value • Copper Property CTL Pass Through Trust • MMA Capital • Hudson Pacific Properties • Urban Edge Properties • Office Properties Income Trust • Kennedy-Wilson ...

Former names

Cushman & Wakefield Ltd, DTZ Jersey Holdings Ltd

SEC CIK

0001628369

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

American Management Services Central LLC • American Management Services Northwest LLC • American Management Services West LLC • AMS Central-Illinois LLC • AMS RE Services LLC • Bre Otay, LLC • Burbage Realty Partners Ltd • C&W Administración, S. de R.L. de C.V. • C&W Facility Services (Aust) Receivables Pty Ltd • C&W Facility Services (Australia) Receivables Ltd. ...

IRS number

981193584

CWK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$15.25

Low target

$10.50

High target

$20.00

Latest filings (excl ownership)

View all

8-K

Cushman & Wakefield Announces Closing of $400 Million Senior Secured Notes Offering and $1,000 Million Term Loan Facility

24 Aug 23

8-K

Cushman & Wakefield Announces Pricing of $400 Million Senior Secured Notes Offering

10 Aug 23

8-K

Cushman & Wakefield Announces Senior Secured Notes Offering

8 Aug 23

8-K

Regulation FD Disclosure

31 Jul 23

Cushman & Wakefield Reports Financial Results for the Second Quarter 2023

31 Jul 23

8-K

Entry into a Material Definitive Agreement

30 Jun 23

8-K

Departure of Directors or Certain Officers

16 Jun 23

8-K

Submission of Matters to a Vote of Security Holders

4 May 23

Transcripts

View all

CWK

Earnings call transcript

2023 Q2

31 Jul 23

CWK

Earnings call transcript

2022 Q4

23 Feb 23

CWK

Earnings call transcript

2022 Q3

3 Nov 22

CWK

Earnings call transcript

2022 Q2

6 Aug 22

CWK

Earnings call transcript

2022 Q1

8 May 22

CWK

Earnings call transcript

2021 Q4

27 Feb 22

CWK

Earnings call transcript

2021 Q3

5 Nov 21

CWK

Earnings call transcript

2021 Q2

8 Aug 21

CWK

Earnings call transcript

2021 Q1

9 May 21

CWK

Earnings call transcript

2020 Q4

28 Feb 21

Latest ownership filings

View all

Notice of proposed sale of securities

5 Sep 23

Change in insider ownership

Change in insider ownership

8 Jun 23

Financial summary

Financial statements Chart CWK financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	572.80 mm	572.80 mm	572.80 mm	572.80 mm	572.80 mm	572.80 mm
Cash burn (monthly)	(no burn)	825.00 k	(no burn)	(no burn)	5.60 mm	(no burn)
Cash used (since last report)	n/a	2.36 mm	n/a	n/a	16.01 mm	n/a
Cash remaining	n/a	570.44 mm	n/a	n/a	556.79 mm	n/a
Runway (months of cash)	n/a	691.4	n/a	n/a	99.4	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

CWK institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	185	183	+1.1%
Opened positions	30	26	+15.4%
Closed positions	28	49	-42.9%
Increased positions	69	66	+4.5%
Reduced positions	58	67	-13.4%

13F shares	Current	Prev Q	Change
Total value	1.67 tn	2.23 tn	-24.8%
Total shares	233.12 mm	239.95 mm	-2.8%
Total puts	15.90 k	16.50 k	-3.6%
Total calls	9.80 k	1.80 k	+444.4%
Total put/call ratio	1.6	9.2	-82.3%

Largest owners	Shares	Value	Change
TPG GP A	34.83 mm	$284.93 bn	0.0%
PAGAC Drone Holding GP I	27.87 mm	$619.92 mm	0.0%
Vanguard	25.91 mm	$211.98 bn	-0.2%
BLK Blackrock	21.47 mm	$175.66 bn	-2.2%
FMR	21.40 mm	$175.03 bn	-20.6%
Ontario Teachers Pension Plan Board	10.46 mm	$85.59 bn	0.0%
JPM JPMorgan Chase & Co.	9.35 mm	$76.45 bn	+4.2%
Thrivent Financial For Lutherans	7.08 mm	$57.99 bn	+0.4%
Vulcan Value Partners	6.92 mm	$56.71 bn	-6.1%
Dimensional Fund Advisors	6.59 mm	$53.89 bn	+19.5%

Largest transactions	Shares	Bought/sold	Change
FMR	21.40 mm	-5.56 mm	-20.6%
Harris Associates L P	3.99 mm	-3.61 mm	-47.5%
Northwood Liquid Management	3.44 mm	+3.44 mm	NEW
Lakewood Capital Management	0.00	-3.43 mm	EXIT
BEN Franklin Resources	802.88 k	-2.70 mm	-77.1%
Balyasny Asset Management	3.35 mm	+1.20 mm	+56.2%
Dimensional Fund Advisors	6.59 mm	+1.07 mm	+19.5%
GS Goldman Sachs	2.38 mm	+611.83 k	+34.7%
BLK Blackrock	21.47 mm	-494.02 k	-2.2%
Massachusetts Financial Services	2.33 mm	+484.61 k	+26.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CWK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Aug 23	PAGAC Drone Holding GP I	Ordinary Shares, $0.10 nominal value per share	Other	Dispose J	No	No	0	3,043,172	0.00	19,674,303
14 Aug 23	Andrew R. Mcdonald	Ordinary Shares	Payment of exercise	Dispose F	No	No	9.76	10,247	100.01 k	175,880
14 Aug 23	Andrew R. Mcdonald	Ordinary Shares	Option exercise	Acquire M	No	No	0	20,667	0.00	186,127
14 Aug 23	Andrew R. Mcdonald	RSU Ordinary Shares	Option exercise	Dispose M	No	No	0	20,667	0.00	20,666
8 Jun 23	PAGAC Drone Holding GP I	Ordinary Shares, $0.10 nominal value per share	Sell	Dispose S	No	No	8.625	3,000,000	25.88 mm	22,717,475
1 Jun 23	McLean Jodie W.	Ordinary Shares	Sell	Dispose S	No	No	7.84	15,000	117.60 k	33,176
11 May 23	Angela Sun	RSU Ordinary Shares	Grant	Acquire A	No	No	0	23,196	0.00	23,196