Janus Henderson Group PLC Raises Stock Position in Janus International Group, Inc. (NYSE:JBI)

Janus Henderson Group PLC grew its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,118,635 shares of the company's stock after acquiring an additional 345,553 shares during the quarter. Janus Henderson Group PLC owned about 2.92% of Janus International Group worth $41,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Janus International Group in the 2nd quarter valued at about $60,000. Amalgamated Bank lifted its holdings in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company's stock valued at $62,000 after purchasing an additional 2,074 shares in the last quarter. Quarry LP boosted its position in shares of Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company's stock valued at $82,000 after buying an additional 4,464 shares during the last quarter. Comerica Bank grew its holdings in Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company's stock worth $102,000 after buying an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in Janus International Group in the 2nd quarter valued at $126,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JBI. Jefferies Financial Group downgraded shares of Janus International Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $12.00 to $7.50 in a report on Monday, November 4th. KeyCorp decreased their price objective on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. UBS Group cut their target price on Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Benchmark decreased their price target on Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Wolfe Research cut Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.25.

Janus International Group Stock Performance

Shares of JBI stock traded down $0.05 during trading hours on Friday, hitting $7.35. 849,664 shares of the company were exchanged, compared to its average volume of 1,475,093. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.21 and a beta of 0.91. The firm has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $10.90. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. During the same period last year, the company posted $0.27 earnings per share. Janus International Group's revenue for the quarter was down 17.9% on a year-over-year basis. Research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group Company Profile

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.