Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Janus International Group, Inc. (NYSE:JBI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 35,441 shares of Janus International Group, Inc. ((NYSE:JBI), valued at approximately $255,000.
• Several hedge funds have significantly increased their stakes in Janus International Group, with institutional investors now owning 88.78% of the company’s stock.
• Janus International Group reported earnings per share (EPS) of $0.13 for the most recent quarter, surpassing analyst expectations, despite a 17.3% decline in revenue year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,441 shares of the company's stock, valued at approximately $255,000.

A number of other large investors have also recently bought and sold shares of JBI. Bernzott Capital Advisors lifted its position in shares of Janus International Group by 6.0% during the 1st quarter. Bernzott Capital Advisors now owns 1,021,536 shares of the company's stock valued at $7,355,000 after acquiring an additional 57,713 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Janus International Group by 142.7% in the first quarter. Verdence Capital Advisors LLC now owns 59,811 shares of the company's stock valued at $431,000 after purchasing an additional 35,168 shares in the last quarter. Isthmus Partners LLC acquired a new stake in Janus International Group during the 1st quarter worth $1,874,000. CWM LLC lifted its position in Janus International Group by 571.1% in the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after acquiring an additional 9,371 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Janus International Group by 63.3% in the 1st quarter. Cerity Partners LLC now owns 49,366 shares of the company's stock valued at $355,000 after acquiring an additional 19,138 shares in the last quarter. Institutional investors own 88.78% of the company's stock.

Analysts Set New Price Targets

Separately, KeyCorp lifted their price target on Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.00.

Janus International Group Stock Down 0.4%

Shares of NYSE JBI traded down $0.04 during trading on Wednesday, hitting $8.68. 1,431,746 shares of the company traded hands, compared to its average volume of 1,366,261. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $11.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.81 and a beta of 1.25. The business's fifty day moving average is $8.52 and its 200 day moving average is $7.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The business had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. During the same period in the prior year, the firm posted $0.21 EPS. Janus International Group's quarterly revenue was down 17.3% compared to the same quarter last year. Equities research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its board has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.