Deutsche Bank AG Sells 854,697 Shares of Janus International Group, Inc. (NYSE:JBI)

Deutsche Bank AG decreased its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 829,674 shares of the company's stock after selling 854,697 shares during the period. Deutsche Bank AG owned 0.59% of Janus International Group worth $6,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Captrust Financial Advisors boosted its stake in shares of Janus International Group by 15.9% in the fourth quarter. Captrust Financial Advisors now owns 37,110 shares of the company's stock worth $273,000 after acquiring an additional 5,098 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Janus International Group by 5.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 302,641 shares of the company's stock worth $2,224,000 after acquiring an additional 15,320 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Janus International Group in the fourth quarter worth about $543,000. Jane Street Group LLC boosted its stake in shares of Janus International Group by 17.9% in the fourth quarter. Jane Street Group LLC now owns 86,976 shares of the company's stock worth $639,000 after acquiring an additional 13,220 shares during the period. Finally, Comerica Bank boosted its stake in shares of Janus International Group by 103.4% in the fourth quarter. Comerica Bank now owns 14,241 shares of the company's stock worth $105,000 after acquiring an additional 7,241 shares during the period. Institutional investors own 88.78% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upped their price objective on 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.00.

Janus International Group Price Performance

Janus International Group stock traded down $0.19 during midday trading on Friday, reaching $8.05. 1,892,901 shares of the stock traded hands, compared to its average volume of 1,955,502. The stock's fifty day moving average is $7.32 and its 200-day moving average is $7.60. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The stock has a market cap of $1.13 billion, a P/E ratio of 11.17 and a beta of 1.20. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $210.50 million during 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. As a group, equities research analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.