Allspring Global Investments Holdings LLC Sells 1,030,679 Shares of Janus International Group, Inc. (NYSE:JBI)

Allspring Global Investments Holdings LLC reduced its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,121,967 shares of the company's stock after selling 1,030,679 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.21% of Janus International Group worth $23,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in Janus International Group during the 4th quarter worth $76,000. Wilmington Savings Fund Society FSB grew its stake in shares of Janus International Group by 23.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,004 shares of the company's stock valued at $228,000 after acquiring an additional 5,820 shares in the last quarter. Choreo LLC increased its position in Janus International Group by 56.2% during the fourth quarter. Choreo LLC now owns 55,983 shares of the company's stock worth $413,000 after acquiring an additional 20,143 shares during the period. DAVENPORT & Co LLC raised its stake in Janus International Group by 13.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company's stock worth $24,054,000 after purchasing an additional 397,301 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Janus International Group by 102.9% in the 4th quarter. KBC Group NV now owns 8,867 shares of the company's stock valued at $65,000 after purchasing an additional 4,496 shares during the period. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBI has been the topic of several recent research reports. KeyCorp lowered their target price on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group cut Janus International Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $12.00 to $7.50 in a report on Monday, November 4th. Finally, UBS Group cut their target price on Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.25.

Janus International Group Price Performance

Shares of NYSE JBI traded up $0.07 during trading hours on Wednesday, hitting $8.16. 596,236 shares of the stock were exchanged, compared to its average volume of 1,412,078. The company's fifty day simple moving average is $7.76 and its two-hundred day simple moving average is $8.81. The company has a market cap of $1.15 billion, a PE ratio of 11.33 and a beta of 0.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.53.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.