Cooke & Bieler LP Lowers Stake in Janus International Group, Inc. (NYSE:JBI)

Cooke & Bieler LP decreased its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,355,963 shares of the company's stock after selling 193,037 shares during the period. Cooke & Bieler LP owned approximately 5.24% of Janus International Group worth $52,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after acquiring an additional 1,544 shares during the last quarter. LPL Financial LLC raised its stake in shares of Janus International Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company's stock valued at $263,000 after acquiring an additional 1,839 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Janus International Group by 1.1% during the first quarter. Principal Financial Group Inc. now owns 212,713 shares of the company's stock valued at $1,532,000 after acquiring an additional 2,338 shares in the last quarter. Federated Hermes Inc. increased its holdings in Janus International Group by 109.3% during the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after buying an additional 2,506 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Janus International Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock valued at $593,000 after buying an additional 2,890 shares during the period. Institutional investors own 88.78% of the company's stock.

Janus International Group Stock Performance

Shares of JBI traded down $0.01 during trading hours on Friday, reaching $8.73. 1,191,228 shares of the company traded hands, compared to its average volume of 1,834,998. The stock has a market capitalization of $1.22 billion, a P/E ratio of 24.94 and a beta of 1.24. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The business has a fifty day moving average price of $8.42 and a 200-day moving average price of $7.86.

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

Janus International Group announced that its board has initiated a stock 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 purchase up to 6.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, KeyCorp lifted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a 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 company's stock. According to MarketBeat, Janus International Group currently has a consensus rating of "Hold" and a consensus 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.