Janus International Group, Inc. (NYSE:JBI) Shares Sold by Applied Fundamental Research LLC

Applied Fundamental Research LLC reduced its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 56.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,674 shares of the company's stock after selling 443,920 shares during the quarter. Janus International Group comprises about 2.1% of Applied Fundamental Research LLC's investment portfolio, making the stock its 10th biggest position. Applied Fundamental Research LLC owned 0.25% of Janus International Group worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Janus International Group by 74.9% in the 4th quarter. FMR LLC now owns 14,544,033 shares of the company's stock worth $106,899,000 after acquiring an additional 6,227,738 shares during the last quarter. River Road Asset Management LLC grew its position in shares of Janus International Group by 536.5% during the 4th quarter. River Road Asset Management LLC now owns 5,197,675 shares of the company's stock valued at $38,203,000 after acquiring an additional 4,381,017 shares during the period. JPMorgan Chase & Co. boosted its holdings in Janus International Group by 31.0% in the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company's stock worth $68,593,000 after buying an additional 2,207,140 shares during the last quarter. Senvest Management LLC lifted its stake in Janus International Group by 47.0% in the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock worth $41,685,000 after purchasing an additional 1,812,602 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in shares of Janus International Group by 25.9% during the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company's stock valued at $55,485,000 after buying an additional 1,551,545 shares during the period. 88.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Janus International Group Stock Up 3.8%

Shares of NYSE JBI traded up $0.35 during midday trading on Thursday, reaching $9.33. 245,593 shares of the company's stock were exchanged, compared to its average volume of 1,866,350. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $15.24. The stock has a market capitalization of $1.31 billion, a PE ratio of 26.59 and a beta of 1.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59. The business's fifty day moving average price is $8.22 and its two-hundred day moving average price is $7.79.

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

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

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.