Bank of America Corp DE Decreases Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Bank of America Corp DE decreased its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 28.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 952,266 shares of the company's stock after selling 379,252 shares during the period. Bank of America Corp DE owned approximately 0.68% of Janus International Group worth $6,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Janus International Group by 74.9% in the 4th quarter. FMR LLC now owns 14,544,033 shares of the company's stock valued at $106,899,000 after purchasing an additional 6,227,738 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Janus International Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 13,504,970 shares of the company's stock valued at $99,262,000 after purchasing an additional 43,135 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 2,207,140 shares during the period. Cooke & Bieler LP grew its stake in Janus International Group by 25.9% in the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company's stock worth $55,485,000 after acquiring an additional 1,551,545 shares during the period. Finally, Senvest Management LLC grew its stake in shares of Janus International Group by 47.0% during the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock valued at $41,685,000 after buying an additional 1,812,602 shares during the period. Hedge funds and other institutional investors own 88.78% of the company's stock.

Analysts Set New Price Targets

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

Janus International Group Trading Down 0.6%

Janus International Group stock traded down $0.05 during mid-day trading on Friday, hitting $8.20. 848,063 shares of the stock were exchanged, compared to its average volume of 1,949,054. The firm's fifty day simple moving average is $7.32 and its two-hundred day simple moving average is $7.62. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.40 and a beta of 1.20.

Janus International Group (NYSE:JBI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The business 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 21.10% and a net margin of 10.62%. Janus International Group's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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 initiated a share repurchase program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management 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.