Northern Trust Corp Purchases 134,525 Shares of Janus International Group, Inc. (NYSE:JBI)

Northern Trust Corp grew its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,351,719 shares of the company's stock after buying an additional 134,525 shares during the quarter. Northern Trust Corp owned 0.96% of Janus International Group worth $9,935,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JBI. Federated Hermes Inc. lifted its position in Janus International Group by 109.3% in the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after acquiring an additional 2,506 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $38,000 after purchasing an additional 1,544 shares during the period. US Bancorp DE lifted its holdings in shares of Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock valued at $41,000 after purchasing an additional 2,918 shares in the last quarter. KBC Group NV lifted its holdings in shares of Janus International Group by 102.9% in the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock valued at $65,000 after purchasing an additional 4,496 shares in the last quarter. Finally, Xponance Inc. acquired a new position in shares of Janus International Group during the fourth quarter worth about $74,000. Institutional investors own 88.78% of the company's stock.

Janus International Group Stock Down 2.2%

JBI traded down $0.19 during trading hours on Friday, hitting $8.05. 1,892,901 shares of the company's stock were exchanged, compared to its average volume of 1,955,502. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 11.17 and a beta of 1.20. Janus International Group, Inc. has a 1-year low of $5.99 and a 1-year high of $15.24. The stock's 50-day moving average is $7.32 and its two-hundred day moving average is $7.60. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $210.50 million during the quarter, compared to the consensus estimate of $200.73 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company's quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, KeyCorp lifted their target price on Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy 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 $10.00.

About Janus International Group

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.