Janus International Group, Inc. $JBI Shares Bought by Comerica Bank

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 raised its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 435.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,273 shares of the company's stock after purchasing an additional 62,032 shares during the quarter. Comerica Bank owned 0.05% of Janus International Group worth $549,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in Janus International Group by 336.2% in the 1st 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 grew its stake in Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after acquiring an additional 1,544 shares in the last quarter. Group One Trading LLC grew its stake in Janus International Group by 9,000.0% in the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after acquiring an additional 9,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Janus International Group in the 1st quarter worth about $72,000. Finally, CWM LLC grew its stake in Janus International Group by 571.1% in the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after acquiring an additional 9,371 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. KeyCorp upped their target price on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, UBS Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a research note 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.67.

Janus International Group Stock Down 0.8%

Shares of NYSE JBI traded down $0.08 during midday trading on Friday, reaching $10.32. 933,879 shares of the company's stock traded hands, compared to its average volume of 780,313. 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 stock's 50 day simple moving average is $9.58 and its 200-day simple moving average is $8.39. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $10.73. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 33.28 and a beta of 1.31.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The firm had revenue of $228.10 million for the quarter, compared to the consensus estimate of $216.99 million. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The company's quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. On average, analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.