JLL falls 6% as investors weigh strong Q1 results against unchanged outlook and heavy cash outflow

Jones Lang LaSalle Incorporated (JLL) is down 6.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline appears tied to an “expectations vs. outlook” setup: results were strong, but the company’s full-year targets and commentary around macro uncertainty may not have improved enough to satisfy investors after the recent run-up. Negative free cash flow in the quarter may also have added to concerns about near-term cash generation.

Details:

JLL reported first-quarter 2026 revenue of about $6.39 billion (up roughly 11% year over year) and diluted EPS of $3.33, alongside adjusted diluted EPS of $3.43.

Management reiterated full-year 2026 adjusted EPS guidance of $21.80 to $23.50, while noting limited visibility later in the year given a fluid macro backdrop and specific operational headwinds (including in parts of Asia Pacific).

First-quarter free cash flow was approximately negative $820 million, reflecting significant working-capital usage that can be seasonally heavy for the business.

The company highlighted continued share repurchases during the quarter, which can support longer-term EPS but does not necessarily offset near-term concerns about cash flow and guidance sentiment.

Sources:

JLL (Investor/Newsroom release), The Motley Fool (earnings call transcript), Seeking Alpha

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$JLL Insider Trading Activity

$JLL insiders have traded $JLL stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $JLL stock by insiders over the last 6 months:

CHRISTIAN ULBRICH (CEO & President) has made 0 purchases and 8 sales selling 30,000 shares for an estimated $9,919,815.
RICHARD BLOXAM (CEO, Capital Markets Services) sold 5,440 shares for an estimated $1,615,361
DEBORAH H MCANENY sold 2,500 shares for an estimated $751,250

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$JLL Hedge Fund Activity

We have seen 299 institutional investors add shares of $JLL stock to their portfolio, and 302 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

M&T BANK CORP added 3,862,153 shares (+184969.0%) to their portfolio in Q4 2025, for an estimated $1,299,498,619
AQR CAPITAL MANAGEMENT LLC added 728,824 shares (+426.7%) to their portfolio in Q4 2025, for an estimated $245,227,411
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 592,769 shares (-76.3%) from their portfolio in Q4 2025, for an estimated $199,448,985
SWEDBANK AB removed 441,569 shares (-44.4%) from their portfolio in Q1 2026, for an estimated $134,378,278
FMR LLC added 373,064 shares (+14.0%) to their portfolio in Q4 2025, for an estimated $125,524,844
MILLENNIUM MANAGEMENT LLC removed 232,955 shares (-66.4%) from their portfolio in Q4 2025, for an estimated $78,382,368
SELECT EQUITY GROUP, L.P. removed 230,343 shares (-20.2%) from their portfolio in Q4 2025, for an estimated $77,503,509

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$JLL Government Contracts

We have seen $104,273,637 of award payments to $JLL over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

DECA WHOLE FACILITIES MAINTENANCE - MAINTENANCE GROUP 1: $20,839,323
DECA WHOLE FACILITIES MAINTENANCE - MAINTENANCE GROUP 5: $19,403,114
PROJECT AND LOCATION: COMPLETE FACILITIES MAINTENANCE SERVICES, VARIOUS LOCATIONS THROUGHOUT THE STATE OF G...: $16,314,098
BPA CALL 47PF0022F1079 - STANDARD SERVICES FOR 6 MONTH BASE PERIOD FOR CONSOLIDATED FACILITIES MANAGEMENT S...: $12,569,082
BLANKET PURCHASE AGREEMENT CALL ORDER FOR CONSOLIDATED FACILITIES MAINTENANCE SERVICES AT THE INTERNAL REVE...: $6,994,379

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$JLL Congressional Stock Trading

Members of Congress have traded $JLL stock 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $JLL stock by members of Congress over the last 6 months:

REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 6 times. They made 0 purchases and 6 sales worth up to $125,000 on 03/13, 02/27, 02/24, 02/23, 02/18, 02/11.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$JLL Analyst Ratings

Wall Street analysts have issued reports on $JLL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 11/26/2025

To track analyst ratings and price targets for $JLL, check out Quiver Quantitative's $JLL forecast page.

$JLL Price Targets

Multiple analysts have issued price targets for $JLL recently. We have seen 4 analysts offer price targets for $JLL in the last 6 months, with a median target of $393.5.

Here are some recent targets:

Alex Kramm from UBS set a target price of $445.0 on 04/22/2026
Brendan Lynch from Barclays set a target price of $348.0 on 04/14/2026
Jade Rahmani from Keefe, Bruyette & Woods set a target price of $380.0 on 02/24/2026
Julien Blouin from Goldman Sachs set a target price of $407.0 on 11/26/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.