Janus International Group, Inc. $JBI Stock Holdings Lessened by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stakes in Janus International Group by 56.3%, selling 609,259 shares and holding 473,074 shares worth $3.4 million.
• Several large investors have rapidly increased their positions in Janus International, with American Century Companies boosting its stake by 914.9%, amounting to 3.6 million shares valued at $26.2 million.
• Janus International Group posted a quarterly revenue of $228.1 million, surpassing estimates, but showed an 8.2% decline compared to the same quarter last year, while EPS was reported at $0.20 against an estimate of $0.15.

Goldman Sachs Group Inc. lessened its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 56.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 473,074 shares of the company's stock after selling 609,259 shares during the period. Goldman Sachs Group Inc. owned approximately 0.34% of Janus International Group worth $3,406,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Janus International Group in the 1st quarter worth about $228,000. GAMMA Investing LLC increased its holdings in shares of Janus International Group by 787.5% in the 1st quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after acquiring an additional 15,806 shares during the period. Comerica Bank increased its holdings in shares of Janus International Group by 435.6% in the 1st quarter. Comerica Bank now owns 76,273 shares of the company's stock worth $549,000 after acquiring an additional 62,032 shares during the period. Invesco Ltd. increased its holdings in shares of Janus International Group by 6.1% in the 1st quarter. Invesco Ltd. now owns 1,690,739 shares of the company's stock worth $12,173,000 after acquiring an additional 96,851 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Janus International Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock worth $593,000 after acquiring an additional 2,890 shares during the period. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Trading Down 2.9%

JBI stock traded down $0.31 during mid-day trading on Friday, reaching $10.14. 1,562,692 shares of the stock traded hands, compared to its average volume of 725,368. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $10.80. The company has a market cap of $1.41 billion, a P/E ratio of 32.72 and a beta of 1.31. The stock's fifty day moving average is $9.71 and its 200-day moving average is $8.45.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their target price on shares of Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Jefferies Financial Group increased 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 report on Wednesday, August 20th. Finally, KeyCorp increased their target price on shares of Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.67.

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.