Comerica Bank Acquires 62,032 Shares of Janus International Group, Inc. $JBI

Key Points

• Comerica Bank has significantly increased its stake in Janus International Group by 435.6% during the 1st quarter, now owning 76,273 shares valued at approximately $549,000.
• Research firms have upgraded their ratings on Janus International Group, with KeyCorp raising the price target from $10.00 to $12.00 and issuing an "overweight" rating.
• Janus International Group reported earnings of $0.20 per share for the last quarter, exceeding expectations, although its quarterly revenue decreased by 8.2% year-over-year.

Comerica Bank increased its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 435.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,273 shares of the company's stock after buying an additional 62,032 shares during the quarter. Comerica Bank owned about 0.05% of Janus International Group worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JBI. Tower Research Capital LLC TRC grew its position in Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after buying an additional 1,544 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Janus International Group during the fourth quarter worth approximately $124,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Janus International Group by 20.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 55,809 shares of the company's stock valued at $411,000 after purchasing an additional 9,482 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Janus International Group by 11.1% in the 4th quarter. Northern Trust Corp now owns 1,351,719 shares of the company's stock valued at $9,935,000 after purchasing an additional 134,525 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Janus International Group by 17.9% in the 4th quarter. Jane Street Group LLC now owns 86,976 shares of the company's stock valued at $639,000 after purchasing an additional 13,220 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Trading Up 0.5%

NYSE:JBI traded up $0.06 during trading hours on Wednesday, hitting $10.07. 624,896 shares of the company were exchanged, compared to its average volume of 1,337,037. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 32.47 and a beta of 1.31. 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 one year low of $5.99 and a one year high of $10.73. The company has a fifty day simple moving average of $9.51 and a 200 day simple moving average of $8.34.

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

Janus International Group declared that its board has authorized a stock buyback program on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JBI shares. Jefferies Financial Group raised their target price on Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen raised Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, KeyCorp raised their price objective on Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.