Jones Lang LaSalle Incorporated (NYSE:JLL) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its stake in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 37.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,500 shares of the financial services provider’s stock after selling 16,500 shares during the period. Olstein Capital Management L.P.’s holdings in Jones Lang LaSalle were worth $7,420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JLL. EdgePoint Investment Group Inc. raised its holdings in Jones Lang LaSalle by 27.3% in the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after buying an additional 443,992 shares during the period. Dimensional Fund Advisors LP increased its holdings in Jones Lang LaSalle by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,472,703 shares of the financial services provider’s stock worth $302,318,000 after purchasing an additional 26,814 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Jones Lang LaSalle by 1.2% in the second quarter. Boston Trust Walden Corp now owns 672,994 shares of the financial services provider’s stock valued at $138,152,000 after buying an additional 7,698 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at approximately $97,018,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded up $0.91 during midday trading on Thursday, hitting $262.99. The company’s stock had a trading volume of 38,519 shares, compared to its average volume of 285,113. Jones Lang LaSalle Incorporated has a 12 month low of $136.83 and a 12 month high of $288.50. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $262.45 and its 200-day moving average price is $231.03. The company has a market capitalization of $12.48 billion, a PE ratio of 33.06 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.01 earnings per share. Analysts anticipate that Jones Lang LaSalle Incorporated will post 12.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, August 8th. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $246.80.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.