Olstein Capital Management L.P. Trims Stock Position in Jones Lang LaSalle Incorporated $JLL

Olstein Capital Management L.P. decreased its holdings in Jones Lang LaSalle Incorporated (NYSE:JLL) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,500 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Jones Lang LaSalle were worth $5,888,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Jones Lang LaSalle during the third quarter worth approximately $25,000. Activest Wealth Management grew its stake in shares of Jones Lang LaSalle by 1,720.0% during the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the period. Chilton Capital Management LLC increased its holdings in shares of Jones Lang LaSalle by 33.0% during the 3rd quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock worth $40,000 after buying an additional 33 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth $41,000. Finally, Root Financial Partners LLC acquired a new position in Jones Lang LaSalle in the third quarter valued at $44,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

JLL stock opened at $328.11 on Friday. The firm has a market cap of $15.22 billion, a P/E ratio of 17.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle Incorporated has a 1 year low of $211.86 and a 1 year high of $363.06. The stock has a 50-day simple moving average of $315.11 and a 200-day simple moving average of $322.46.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.42. The firm had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.Jones Lang LaSalle’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 EPS. On average, equities analysts predict that Jones Lang LaSalle Incorporated will post 22.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director directly owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Bloxam sold 5,440 shares of Jones Lang LaSalle stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays dropped their price target on Jones Lang LaSalle from $355.00 to $348.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Jones Lang LaSalle presently has an average rating of “Moderate Buy” and a consensus target price of $365.33.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.