Olstein Capital Management L.P. Sells 201 Shares of Jones Lang LaSalle Incorporated (NYSE:JLL)

Olstein Capital Management L.P. lessened its position in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,636 shares of the financial services provider’s stock after selling 201 shares during the quarter. Jones Lang LaSalle comprises 1.5% of Olstein Capital Management L.P.’s portfolio, making the stock its 14th biggest holding. Olstein Capital Management L.P. owned approximately 0.10% of Jones Lang LaSalle worth $9,293,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC bought a new stake in Jones Lang LaSalle during the first quarter worth approximately $30,000. Atlas Capital Advisors LLC bought a new position in shares of Jones Lang LaSalle during the 1st quarter valued at approximately $35,000. Riverview Trust Co purchased a new stake in Jones Lang LaSalle during the 1st quarter valued at $38,000. Bruce G. Allen Investments LLC bought a new stake in Jones Lang LaSalle in the fourth quarter worth $47,000. Finally, GAMMA Investing LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth $71,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Stock Up 1.5 %

Shares of JLL traded up $3.11 during midday trading on Wednesday, reaching $206.59. 105,945 shares of the stock were exchanged, compared to its average volume of 272,767. The company has a market capitalization of $9.83 billion, a P/E ratio of 32.71 and a beta of 1.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. Jones Lang LaSalle Incorporated has a 52 week low of $119.46 and a 52 week high of $213.33. The company’s 50 day moving average is $197.95 and its two-hundred day moving average is $188.26.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Monday, May 6th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.93. Jones Lang LaSalle had a net margin of 1.42% and a return on equity of 6.55%. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Jones Lang LaSalle Incorporated will post 12.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JLL shares. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $190.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. Jefferies Financial Group assumed coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Finally, StockNews.com lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jones Lang LaSalle presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.33.

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.