Universal Beteiligungs und Servicegesellschaft mbH Takes $255,000 Position 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 bought a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,441 shares of the company's stock, valued at approximately $255,000.

Several other institutional investors also recently bought and sold shares of JBI. Federated Hermes Inc. increased its holdings in shares of Janus International Group by 109.3% during the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after acquiring an additional 2,506 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the period. Group One Trading LLC boosted its position in Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after purchasing an additional 9,000 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Janus International Group during the first quarter valued at approximately $72,000. Finally, CWM LLC raised its position in shares of Janus International Group by 571.1% in the first quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after purchasing an additional 9,371 shares during the period. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday. KeyCorp boosted their target price on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $10.88.

Janus International Group Stock Performance

Shares of JBI traded down $0.16 during mid-day trading on Friday, hitting $9.68. The company's stock had a trading volume of 757,527 shares, compared to its average volume of 1,382,081. The stock's 50-day moving average is $8.57 and its two-hundred day moving average is $8.01. The firm has a market capitalization of $1.36 billion, a PE ratio of 27.67 and a beta of 1.25. 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, Inc. has a one year low of $5.99 and a one year high of $11.49.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The firm had revenue of $228.10 million during the quarter, compared to the consensus estimate of $216.99 million. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The business's revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.