Janus International Group, Inc. $JBI Stock Sold by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP reduced its Janus International Group stake by 21.4% in the third quarter, selling 1.09 million shares and retaining 4.01 million shares, or about 2.94% of the company. Institutional investors and hedge funds collectively own 88.78% of JBI.
• Analyst sentiment is mixed, with one Buy, two Hold, and one Sell rating; the consensus rating is Hold with a $7.30 price target. UBS lowered its target to $5.60, while the stock recently traded at $4.28.
• Janus reported quarterly EPS of $0.17, beating estimates of $0.14, while revenue of $233.5 million fell short of expectations. Revenue increased 2.4% year over year, and analysts expect full-year EPS of approximately $0.53.

Cooke & Bieler LP trimmed its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 21.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,010,765 shares of the company's stock after selling 1,088,992 shares during the period. Cooke & Bieler LP owned approximately 2.94% of Janus International Group worth $16,404,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JBI. Allworth Financial LP increased its holdings in Janus International Group by 982.2% in the 2nd quarter. Allworth Financial LP now owns 4,621 shares of the company's stock valued at $26,000 after buying an additional 4,194 shares during the period. Versant Capital Management Inc acquired a new position in shares of Janus International Group in the 3rd quarter valued at approximately $39,000. Integrated Wealth Concepts LLC bought a new stake in shares of Janus International Group during the 2nd quarter worth approximately $62,000. HB Wealth Management LLC bought a new stake in shares of Janus International Group during the 2nd quarter worth approximately $69,000. Finally, Revolve Wealth Partners LLC bought a new stake in shares of Janus International Group during the 2nd quarter worth approximately $70,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBI has been the topic of several analyst reports. UBS Group reduced their price target on shares of Janus International Group from $6.00 to $5.60 and set a "neutral" rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings restated a "sell (d+)" rating on shares of Janus International Group in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.30.

Janus International Group Price Performance

Janus International Group stock opened at $4.28 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.50 and a current ratio of 2.94. Janus International Group, Inc. has a 52 week low of $4.01 and a 52 week high of $10.32. The stock has a market capitalization of $583.28 million, a P/E ratio of 17.81 and a beta of 1.43. The stock has a fifty day moving average of $4.58 and a 200-day moving average of $5.03.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $233.50 million during the quarter, compared to the consensus estimate of $238.78 million. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%. Janus International Group's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. On average, sell-side analysts expect that Janus International Group, Inc. will post 0.53 earnings per share for the current fiscal year.

About Janus International Group

Janus International Group, Inc is a manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company serves self-storage owners, operators, developers and general contractors with products designed for new construction, facility expansions, renovations and ongoing property management.

Its product portfolio includes roll-up and swing doors, hallway systems, relocatable storage units, partitions, and other facility components.

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