Janus Henderson Group PLC Cuts Stake in Janus International Group, Inc. $JBI

Key Points

• Janus Henderson cut its Janus International stake by 87% in the first quarter, selling 2.36 million shares and retaining 354,174 shares worth approximately $1.82 million. Institutional investors still own 88.78% of JBI.
• Analyst sentiment is cautious: JBI has a consensus “Hold” rating and an average price target of $8.33, while UBS lowered its target from $7.25 to $6.00.
• JBI shares opened at $5.54, near their recent trading range, after the company reported quarterly EPS of $0.01—below the $0.10 consensus estimate—despite revenue rising 5.8% year over year to $222.7 million.

Janus Henderson Group PLC lessened its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 87.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 354,174 shares of the company's stock after selling 2,362,771 shares during the period. Janus Henderson Group PLC owned 0.26% of Janus International Group worth $1,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Janus International Group by 23.6% during the 1st quarter. Royal Bank of Canada now owns 150,581 shares of the company's stock worth $1,084,000 after buying an additional 28,709 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Janus International Group by 66.4% in the first quarter. AQR Capital Management LLC now owns 272,602 shares of the company's stock valued at $1,963,000 after acquiring an additional 108,809 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Janus International Group in the first quarter worth approximately $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Janus International Group by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,787 shares of the company's stock worth $2,014,000 after purchasing an additional 14,125 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Janus International Group by 118.1% during the first quarter. Jane Street Group LLC now owns 189,655 shares of the company's stock worth $1,366,000 after purchasing an additional 102,679 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBI has been the topic of a number of research reports. Weiss Ratings restated a "sell (d+)" rating on shares of Janus International Group in a report on Wednesday, June 24th. UBS Group reduced their target price on shares of Janus International Group from $7.25 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of Janus International Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.33.

Janus International Group Stock Down 0.1%

Shares of JBI opened at $5.54 on Monday. The company's 50-day moving average price is $5.31 and its 200 day moving average price is $5.67. Janus International Group, Inc. has a 12-month low of $4.26 and a 12-month high of $10.80. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The firm has a market cap of $769.98 million, a P/E ratio of 17.89 and a beta of 1.47.

Janus International Group (NYSE:JBI - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The company had revenue of $222.70 million for the quarter, compared to analysts' expectations of $219.21 million. During the same period last year, the business earned $0.13 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

Janus International Group Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.

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