New Vernon Capital Holdings II LLC Acquires 216,895 Shares of Janus International Group, Inc. $JBI

Key Points

• New Vernon Capital Holdings II LLC increased its stake in Janus International Group by 620%, owning about 0.18% of the company worth $1.81 million after acquiring additional shares in the first quarter.
• Recent analyst reports have resulted in price target increases for Janus International Group, with KeyCorp raising it from $10.00 to $12.00 and Wall Street Zen upgrading the stock to a "buy" rating.
• Janus International Group reported earnings exceeding analyst expectations, with $0.20 earnings per share for the recent quarter, compared to a consensus estimate of $0.15.

New Vernon Capital Holdings II LLC boosted its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 620.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,878 shares of the company's stock after buying an additional 216,895 shares during the period. New Vernon Capital Holdings II LLC owned approximately 0.18% of Janus International Group worth $1,814,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AlphaQuest LLC lifted its holdings in Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock valued at $37,000 after buying an additional 3,924 shares during the period. Tower Research Capital LLC TRC raised its holdings in Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the period. Quarry LP acquired a new stake in Janus International Group in the first quarter worth $43,000. Group One Trading LLC raised its holdings in Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after purchasing an additional 9,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Janus International Group in the first quarter worth $72,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. KeyCorp increased their target price on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. UBS Group increased their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Jefferies Financial Group increased their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Janus International Group currently has an average rating of "Hold" and a consensus target price of $10.67.

Janus International Group Stock Down 0.0%

Shares of JBI stock traded down $0.01 during trading hours on Wednesday, hitting $10.01. 221,720 shares of the company were exchanged, compared to its average volume of 1,334,591. The company has a market capitalization of $1.39 billion, a PE ratio of 32.27 and a beta of 1.31. Janus International Group, Inc. has a 52 week low of $5.99 and a 52 week high of $10.73. The business has a 50 day moving average of $9.51 and a two-hundred day moving average of $8.34. 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 (NYSE:JBI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The business had revenue of $228.10 million during 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 firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. Analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management 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.