Royce & Associates LP Grows Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Royce & Associates LP lifted its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,127,169 shares of the company's stock after purchasing an additional 261,116 shares during the period. Royce & Associates LP owned about 1.52% of Janus International Group worth $15,316,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in Janus International Group by 74.9% during the 4th quarter. FMR LLC now owns 14,544,033 shares of the company's stock worth $106,899,000 after buying an additional 6,227,738 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Janus International Group by 31.0% in the fourth quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company's stock valued at $68,593,000 after purchasing an additional 2,207,140 shares in the last quarter. Senvest Management LLC raised its holdings in Janus International Group by 47.0% during the fourth quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock worth $41,685,000 after purchasing an additional 1,812,602 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Janus International Group in the 4th quarter valued at $6,797,000. Finally, Marshall Wace LLP acquired a new position in shares of Janus International Group in the 4th quarter valued at $4,743,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Stock Performance

Janus International Group stock traded up $0.02 during midday trading on Friday, hitting $9.13. 683,073 shares of the company's stock were exchanged, compared to its average volume of 955,114. The firm's 50 day simple moving average is $8.46 and its 200 day simple moving average is $7.91. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 26.09 and a beta of 1.24.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The firm had revenue of $210.50 million during the quarter, compared to analysts' expectations of $200.73 million. The firm's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Equities research analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, KeyCorp upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.00.

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.