Janus International Group, Inc. $JBI Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Janus International Group stake by 12.7% in the first quarter, acquiring 474,205 shares and bringing its ownership to 3.03%. Institutional investors collectively own 88.78% of the company.
• Analyst sentiment is broadly cautious: UBS lowered its price target to $6.00, Wall Street Zen downgraded the stock to “hold,” and Weiss Ratings maintained a “sell” rating. The overall consensus is “Hold,” with an average target price of $8.33.
• Janus shares opened at $5.57, near the lower end of their 52-week range. The company’s latest quarterly earnings missed estimates at $0.01 per share versus $0.10 expected, although revenue rose 5.8% year over year to $222.7 million.

Dimensional Fund Advisors LP boosted its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,205,659 shares of the company's stock after acquiring an additional 474,205 shares during the period. Dimensional Fund Advisors LP owned 3.03% of Janus International Group worth $21,657,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in shares of Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock worth $35,000 after purchasing an additional 3,017 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Janus International Group by 1,978.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock valued at $35,000 after buying an additional 5,105 shares during the period. Russell Investments Group Ltd. raised its position in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company's stock worth $59,000 after buying an additional 6,399 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Janus International Group during the 4th quarter worth $71,000. Finally, New York State Teachers Retirement System purchased a new position in Janus International Group during the 4th quarter worth $81,000. Hedge funds and other institutional investors own 88.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of Janus International Group from $7.25 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, May 13th. Wall Street Zen cut shares of Janus International Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Janus International Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $8.33.

Janus International Group Trading Down 1.3%

NYSE:JBI opened at $5.57 on Friday. The stock has a fifty day moving average price of $5.31 and a two-hundred day moving average price of $5.69. The stock has a market capitalization of $772.76 million, a price-to-earnings ratio of 17.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. Janus International Group, Inc. has a 1 year low of $4.26 and a 1 year high of $10.80.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $219.21 million. During the same period last year, the company earned $0.13 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Janus International Group Company 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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