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CWK Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.

Company profile

Ticker
CWK
Exchange
CEO
Brett W. White
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cushman & Wakefield Ltd, DTZ Jersey Holdings Ltd
SEC CIK
IRS number
981193584

CWK stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

6 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.1B 1.1B 1.1B 1.1B 1.1B 1.1B
Cash burn (monthly) 20.77M (positive/no burn) 15.07M 8.34M 5.47M (positive/no burn)
Cash used (since last report) 83.29M n/a 60.43M 33.45M 21.92M n/a
Cash remaining 1.02B n/a 1.04B 1.07B 1.08B n/a
Runway (months of cash) 49.0 n/a 69.1 128.1 197.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jul 21 W Brett White Ordinary Shares Sell Dispose S No No 17.35 2,210 38.34K 1,152,415
1 Jul 21 W Brett White Ordinary Shares Sell Dispose S No No 17.4 60,653 1.06M 1,154,625
1 Jul 21 W Brett White Ordinary Shares Payment of exercise Dispose F No No 17.03 9,100 154.97K 1,215,278
1 Jul 21 W Brett White Ordinary Shares Option exercise Aquire M No No 10 11,310 113.1K 1,224,378
1 Jul 21 W Brett White Employee Stock Option Ordinary Shares Option exercise Dispose M No No 10 11,310 113.1K 34,590
7 Jun 21 PAGAC Drone Holding GP I Ordinary Shares, $0.10 nominal value per share Sell Dispose S No No 18.56 3,069,284 56.97M 39,481,953
7 Jun 21 TPG Asia Advisors VI Ordinary Shares Sell Dispose S Yes No 18.56 3,441,387 63.87M 44,268,542
7 Jun 21 Ontario Teachers Pension Plan Board Ordinary Shares Sell Dispose S No No 18.56 3,489,329 64.76M 11,145,496
14 May 21 John Forrester Ordinary Shares Sell Dispose S No No 18.8 21,525 404.67K 166,675.1

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 116 118 -1.7%
Opened positions 20 24 -16.7%
Closed positions 22 14 +57.1%
Increased positions 45 36 +25.0%
Reduced positions 32 40 -20.0%
13F shares
Current Prev Q Change
Total value 3.33B 2.77B +20.5%
Total shares 165.96M 163.07M +1.8%
Total puts 12.3K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
TPG 47.71M $778.63M 0.0%
FMR 33.33M $543.9M +50.4%
Vanguard 15.67M $255.67M +3.4%
Ontario Teachers Pension Plan Board 14.63M $238.84M 0.0%
Vulcan Value Partners 11.51M $187.83M +1.2%
JPM JPMorgan Chase & Co. 9.16M $149.55M -42.7%
BLK Blackrock 8.86M $144.61M +6.4%
Lakewood Capital Management 3.03M $49.43M -6.5%
STT State Street 2.09M $34.16M -2.6%
Geode Capital Management 2.07M $33.82M +9.7%
Largest transactions
Shares Bought/sold Change
FMR 33.33M +11.16M +50.4%
JPM JPMorgan Chase & Co. 9.16M -6.84M -42.7%
Vaughan Nelson Investment Management 0 -2.83M EXIT
Norges Bank 0 -1.22M EXIT
Millennium Management 1.01M -1.18M -53.8%
Zimmer Partners 1.13M +1.12M +7452.7%
Citadel Advisors 1.03M +1.02M +10181.7%
Sunriver Management 933.54K +933.54K NEW
Lord, Abbett & Co. 0 -632.9K EXIT
BLK Blackrock 8.86M +530.91K +6.4%

Financial report summary

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Competition
Jones Lang LasalleCBRECbre
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • As discussed in “Cautionary Note Regarding Forward-Looking Statements,” the following discussion and analysis contains forward-looking statements that involve risks and uncertainties. Our actual results may materially differ from those discussed in such forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, those identified below and those discussed in “Risk Factors” under Part II, Item 1A in this Quarterly Report. Our fiscal year ends December 31.
  • Cushman & Wakefield is a leading global commercial real estate services firm, built on a trusted brand and backed by approximately 50,000 employees and serving the world's real estate owners and occupiers through a scalable platform. We operate over 400 offices in 60 countries, managing over 4.1 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. Our business is focused on meeting the increasing demands of our clients across multiple service lines including Property, facilities and project management, Leasing, Capital markets and Valuation and other services.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: cleaning, compete, competition, delayed, fragmentation, innovation, jurisdictional, leadership, modification, permitted, political, Putting, relief, thought
Removed: applying, award, Cap, Chinese, clarity, comparative, complexity, dated, deduction, deliver, demand, designation, disclosing, disruption, earlier, evolving, exacerbate, flat, formed, fully, governmental, grant, granted, home, inception, inflation, larger, lease, lessee, logistical, Nonemployee, November, option, people, repayment, retained, revise, separately, separation, slowdown, spread, stable, subsidiary, Targeted, tied, unamortized, unrecognized, vesting