Bernzott Capital Advisors Has $7.36 Million Stake in Janus International Group, Inc. (NYSE:JBI)

Bernzott Capital Advisors increased its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,021,536 shares of the company's stock after buying an additional 57,713 shares during the quarter. Janus International Group accounts for about 3.6% of Bernzott Capital Advisors' portfolio, making the stock its 6th biggest holding. Bernzott Capital Advisors owned about 0.73% of Janus International Group worth $7,355,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in Janus International Group by 74.9% during the fourth 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 in the last quarter. Vanguard Group Inc. raised its holdings in Janus International Group by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 13,504,970 shares of the company's stock worth $99,262,000 after acquiring an additional 43,135 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Janus International Group by 31.0% during the fourth 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 in the last quarter. Senvest Management LLC raised its holdings in Janus International Group by 47.0% during the fourth quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock worth $41,685,000 after acquiring an additional 1,812,602 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Janus International Group by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,585,908 shares of the company's stock worth $33,706,000 after acquiring an additional 219,506 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Stock Performance

NYSE:JBI traded down $0.03 on Friday, hitting $8.72. The company's stock had a trading volume of 211,827 shares, compared to its average volume of 1,414,583. The company has a current ratio of 2.59, a quick ratio of 2.21 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $8.41 and a two-hundred day moving average of $7.85. The firm has a market capitalization of $1.22 billion, a P/E ratio of 24.90 and a beta of 1.24. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. Research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

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

Janus International Group 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.

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