Allspring Global Investments Holdings LLC Sells 711,383 Shares of Janus International Group, Inc. (NYSE:JBI)

Allspring Global Investments Holdings LLC reduced its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,152,646 shares of the company's stock after selling 711,383 shares during the period. Allspring Global Investments Holdings LLC owned 2.84% of Janus International Group worth $41,983,000 at the end of the most recent reporting period.

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

Janus International Group Price Performance

JBI traded down $0.04 on Wednesday, reaching $9.85. The stock had a trading volume of 1,787,631 shares, compared to its average volume of 1,906,622. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 10.34 and a beta of 0.88. Janus International Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.86. The firm has a 50-day moving average of $10.30 and a 200-day moving average of $12.42.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The firm had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JBI shares. Jefferies Financial Group reduced their price objective on shares of Janus International Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Wolfe Research cut Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Benchmark cut their price objective on shares of 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. UBS Group reduced their target price on Janus International Group from $14.50 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Finally, KeyCorp decreased their price target on shares of Janus International Group from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.75.

Insider Activity

In related news, insider Peter Frayser sold 15,000 shares of the business's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the sale, the insider now owns 217,805 shares of the company's stock, valued at $3,267,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.94% of the company's stock.

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.