Allspring Global Investments Holdings LLC lessened its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,970,228 shares of the company's stock after selling 151,739 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.12% of Janus International Group worth $21,267,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBI. Rhumbline Advisers increased its position in Janus International Group by 10.4% during the 4th quarter. Rhumbline Advisers now owns 202,886 shares of the company's stock valued at $1,491,000 after buying an additional 19,069 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company's stock worth $1,546,000 after purchasing an additional 27,499 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Janus International Group by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 468,691 shares of the company's stock worth $3,445,000 after purchasing an additional 18,432 shares in the last quarter. US Bancorp DE increased its holdings in shares of Janus International Group by 108.8% in the 4th quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Janus International Group in the 4th quarter worth $6,797,000. Institutional investors own 88.78% of the company's stock.
Janus International Group Stock Up 0.1%
Shares of Janus International Group stock traded up $0.01 on Friday, reaching $8.99. The company's stock had a trading volume of 516,221 shares, compared to its average volume of 1,886,432. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.69 and a beta of 1.24. The firm's fifty day simple moving average is $8.11 and its two-hundred day simple moving average is $7.77. Janus International Group, Inc. has a 52 week low of $5.99 and a 52 week high of $15.24. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03.
Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 company had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Janus International Group's revenue was down 17.3% compared to the same quarter last year. Equities analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.
Janus International Group announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
Separately, KeyCorp lifted their target price 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.00.
Read Our Latest Report on JBI
Janus International Group Company Profile
(
Free Report)
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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