Janus International Group, Inc. (NYSE:JBI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,711,869 shares of the company's stock after selling 1,052,887 shares during the period. Ameriprise Financial Inc. owned approximately 1.21% of Janus International Group worth $12,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tower Research Capital LLC TRC grew 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 valued at $38,000 after buying an additional 1,544 shares during the period. LPL Financial LLC lifted its holdings in shares of Janus International Group by 5.4% in the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company's stock worth $263,000 after buying an additional 1,839 shares in the last quarter. Federated Hermes Inc. boosted 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 purchasing an additional 2,506 shares during the last quarter. Applied Fundamental Research LLC grew its position in shares of Janus International Group by 0.4% during the fourth quarter. Applied Fundamental Research LLC now owns 790,594 shares of the company's stock valued at $5,811,000 after purchasing an additional 2,877 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after purchasing an additional 2,918 shares during the last quarter. Institutional investors own 88.78% of the company's stock.

Janus International Group Stock Down 0.4%

JBI traded down $0.04 on Thursday, hitting $8.24. The company had a trading volume of 1,376,041 shares, compared to its average volume of 1,948,944. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a fifty day moving average price of $7.32 and a 200-day moving average price of $7.59. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business had revenue of $210.50 million during the quarter, compared to the consensus estimate of $200.73 million. During the same quarter last year, the company earned $0.21 earnings per share. The company's quarterly revenue was down 17.3% on a year-over-year basis. Analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

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

Analyst Ratings Changes

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

Janus International Group Company 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.