Ieq Capital LLC Invests $224,000 in Janus International Group, Inc. $JBI

Key Points

• Ieq Capital LLC has acquired a new position in Janus International Group, purchasing 31,108 shares valued at approximately $224,000.
• Several institutional investors have significantly increased their stakes in Janus International Group, with Epoch Investment Partners boosting their position by 634.8%.
• Janus International Group reported a quarterly EPS of $0.20, exceeding analysts' expectations, but noted an 8.2% decline in revenue compared to the previous year.

Ieq Capital LLC bought a new position in Janus International Group, Inc. (NYSE:JBI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,108 shares of the company's stock, valued at approximately $224,000.

Other hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC boosted its holdings in Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after acquiring an additional 3,924 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the last quarter. Group One Trading LLC raised its stake in shares of Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after purchasing an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Janus International Group in the first quarter worth $72,000. Finally, CWM LLC raised its stake in shares of Janus International Group by 571.1% in the first quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after purchasing an additional 9,371 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Stock Performance

JBI traded down $0.21 during midday trading on Tuesday, reaching $10.00. The company had a trading volume of 727,454 shares, compared to its average volume of 921,301. The company has a market cap of $1.39 billion, a P/E ratio of 32.26 and a beta of 1.31. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average of $9.51 and a two-hundred day moving average of $8.34. Janus International Group, Inc. has a 1 year low of $5.99 and a 1 year high of $10.73.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping 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 firm had revenue of $228.10 million during the quarter, compared to analyst estimates of $216.99 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business's quarterly revenue 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, equities research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its board has approved 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 stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JBI. Jefferies Financial Group upped their price objective on Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Wednesday, August 20th. KeyCorp upped their price objective on Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, UBS Group upped their price objective on Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. One investment 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, Janus International Group has a consensus rating of "Hold" and an average target price 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.