Vaughan Nelson Investment Management L.P. Reduces Position in Janus International Group, Inc. (NYSE:JBI)

Vaughan Nelson Investment Management L.P. lowered its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,898,245 shares of the company's stock after selling 138,485 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 4.06% of Janus International Group worth $59,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of JBI. SG Americas Securities LLC bought a new stake in shares of Janus International Group during the 1st quarter worth approximately $257,000. Swiss National Bank boosted its stake in shares of Janus International Group by 19.0% during the first quarter. Swiss National Bank now owns 275,500 shares of the company's stock valued at $4,168,000 after purchasing an additional 44,000 shares during the period. Sei Investments Co. grew its holdings in shares of Janus International Group by 3.4% in the first quarter. Sei Investments Co. now owns 197,487 shares of the company's stock worth $2,988,000 after purchasing an additional 6,424 shares during the last quarter. ProShare Advisors LLC increased its stake in Janus International Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company's stock worth $231,000 after buying an additional 1,201 shares during the period. Finally, Entropy Technologies LP increased its stake in Janus International Group by 4.5% in the 1st quarter. Entropy Technologies LP now owns 21,126 shares of the company's stock worth $320,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Price Performance

NYSE JBI opened at $7.17 on Friday. The company has a market cap of $1.01 billion, a PE ratio of 9.96 and a beta of 0.92. The firm's 50 day moving average price is $9.27 and its 200-day moving average price is $11.58. 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 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 earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) 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 company 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 business posted $0.27 EPS. The firm's revenue was down 17.9% compared to the same quarter last year. Sell-side analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Janus International Group 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.

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