Allspring Global Investments Holdings LLC Has $27.55 Million Position in Janus International Group, Inc. $JBI

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Janus International Group by 5.9%, owning approximately 3.14 million shares valued at $27.55 million as of the end of the second quarter.
• Janus International Group reported a quarterly earnings per share (EPS) of $0.24 and revenue of $148.59 million, with analysts projecting an EPS of 0.54 for the current year.
• Institutional investors own a significant majority (88.78%) of Janus International Group's stock, with recent reports showing multiple firms increasing their holdings dramatically.

Allspring Global Investments Holdings LLC lifted its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,145,119 shares of the company's stock after purchasing an additional 174,891 shares during the period. Allspring Global Investments Holdings LLC owned 2.24% of Janus International Group worth $27,551,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JBI. AlphaQuest LLC increased its stake in shares of Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after purchasing an additional 3,924 shares during the last quarter. Quarry LP acquired a new position in shares of Janus International Group during the 1st quarter worth about $43,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Janus International Group during the 1st quarter worth about $72,000. CWM LLC increased its stake in shares of Janus International Group by 571.1% during the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after purchasing an additional 9,371 shares during the last quarter. Finally, Kendall Capital Management increased its stake in shares of Janus International Group by 12.7% during the 2nd quarter. Kendall Capital Management now owns 14,975 shares of the company's stock worth $122,000 after purchasing an additional 1,685 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

NYSE JBI opened at $10.00 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $1.39 billion, a P/E ratio of 32.24 and a beta of 1.34. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $10.80. The firm has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $8.68.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $148.59 million during the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. Analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBI has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen raised shares of Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group lifted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Janus International Group in a report on Wednesday, October 8th. Finally, KeyCorp lifted their target price on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.67.

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.

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