Janus International Group, Inc. (NYSE:JBI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 50.7% during 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 approximately 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 also recently made changes to their positions in JBI. Barclays PLC raised its position in shares of Janus International Group by 216.2% in the 3rd quarter. Barclays PLC now owns 235,897 shares of the company's stock worth $2,385,000 after buying an additional 161,290 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Janus International Group by 13.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company's stock worth $24,054,000 after purchasing an additional 397,301 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company's stock valued at $1,546,000 after purchasing an additional 27,499 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Janus International Group in the 4th quarter valued at about $6,797,000. Finally, Xponance Inc. purchased a new stake in shares of Janus International Group during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Analyst Ratings Changes

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

Janus International Group Stock Down 4.9%

Shares of NYSE JBI traded down $0.43 on Wednesday, hitting $8.27. The company had a trading volume of 938,478 shares, compared to its average volume of 1,947,186. 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, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The firm has a market capitalization of $1.16 billion, a P/E ratio of 11.48 and a beta of 1.20. The business has a 50 day moving average of $7.32 and a two-hundred day moving average of $7.58.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. During the same period in the previous year, the company posted $0.21 EPS. Janus International Group's revenue for the quarter was down 17.3% on a year-over-year basis. As a group, equities research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its board has authorized a share buyback 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 generally an indication 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.