BNP Paribas Financial Markets Invests $543,000 in Janus International Group, Inc. (NYSE:JBI)

BNP Paribas Financial Markets bought a new stake in Janus International Group, Inc. (NYSE:JBI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 73,868 shares of the company's stock, valued at approximately $543,000. BNP Paribas Financial Markets owned 0.05% of Janus International Group as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBI. FMR LLC boosted its holdings in shares of Janus International Group by 74.9% in the fourth quarter. FMR LLC now owns 14,544,033 shares of the company's stock valued at $106,899,000 after acquiring an additional 6,227,738 shares during the period. Vanguard Group Inc. raised its position in Janus International Group by 0.3% in the 4th 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. boosted its stake in Janus International Group by 31.0% during the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company's stock worth $68,593,000 after purchasing an additional 2,207,140 shares during the period. Cooke & Bieler LP grew its position in Janus International Group by 25.9% during the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company's stock worth $55,485,000 after purchasing an additional 1,551,545 shares during the last quarter. Finally, Senvest Management LLC grew its position in Janus International Group by 47.0% during 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 during the last quarter. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Stock Performance

JBI traded up $0.23 during trading on Tuesday, hitting $8.29. The stock had a trading volume of 1,679,452 shares, compared to its average volume of 1,954,817. The firm has a market capitalization of $1.16 billion, a P/E ratio of 11.51 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. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $15.24. The company's 50-day moving average price is $7.31 and its 200 day moving average price is $7.61.

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 for the quarter, beating the consensus estimate of $0.08 by $0.05. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business had revenue of $210.50 million for the quarter, compared to the consensus estimate of $200.73 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its board has initiated a stock buyback program on Thursday, May 15th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, KeyCorp increased 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 note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.00.

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.