Deutsche Bank AG Trims Holdings in Janus International Group, Inc. $JBI

Key Points

• Deutsche Bank AG has significantly reduced its stake in Janus International Group by 73.8%, selling 612,614 shares and now owning only 217,060 shares valued at approximately $1.56 million.
• Janus International Group's stock rose by 6.1% and currently trades at $10.57, with a market cap of $1.47 billion and a P/E ratio of 34.10.
• The company reported better than expected earnings for the last quarter, with earnings per share of $0.20, surpassing the consensus estimate of $0.15, although revenue was down 8.2% year-over-year.

Deutsche Bank AG reduced its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 73.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,060 shares of the company's stock after selling 612,614 shares during the period. Deutsche Bank AG owned approximately 0.15% of Janus International Group worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. LPL Financial LLC increased its stake in shares of Janus International Group by 5.4% in the 4th quarter. LPL Financial LLC now owns 35,829 shares of the company's stock valued at $263,000 after purchasing an additional 1,839 shares during the last quarter. Wells Fargo & Company MN raised its position in Janus International Group by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 78,580 shares of the company's stock worth $578,000 after purchasing an additional 22,310 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Janus International Group by 7.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 121,644 shares of the company's stock valued at $894,000 after acquiring an additional 8,660 shares during the last quarter. Barclays PLC increased its position in shares of Janus International Group by 10.3% during the fourth quarter. Barclays PLC now owns 260,300 shares of the company's stock worth $1,913,000 after buying an additional 24,403 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Janus International Group in the 4th quarter worth about $4,743,000. 88.78% of the stock is owned by institutional investors.

Janus International Group Price Performance

JBI traded down $0.1010 on Monday, reaching $10.4690. The company had a trading volume of 614,582 shares, compared to its average volume of 1,352,269. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $11.49. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 21.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61. The business has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $8.17.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The company had revenue of $228.10 million for the quarter, compared to analysts' expectations of $216.99 million. During the same period last year, the firm posted $0.21 EPS. Janus International Group's revenue for the quarter was down 8.2% compared to the same quarter last year. Janus International Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its board has approved a share buyback plan on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

JBI has been the topic of several research reports. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. KeyCorp boosted their target price on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Jefferies Financial Group boosted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Wednesday, August 20th. Finally, UBS Group lifted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.67.

Janus International Group Company 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.