Sei Investments Co. raised its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 83.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517,883 shares of the company's stock after purchasing an additional 235,331 shares during the period. Sei Investments Co. owned 0.37% of Janus International Group worth $2,667,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Ophir Asset Management Pty Ltd bought a new position in shares of Janus International Group during the 4th quarter worth about $22,753,000. Wasatch Advisors LP grew its stake in shares of Janus International Group by 37.5% in the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company's stock valued at $51,940,000 after buying an additional 1,435,777 shares during the period. Cooke & Bieler LP increased its position in Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company's stock valued at $50,661,000 after buying an additional 874,131 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in Janus International Group in the 4th quarter valued at about $4,530,000. Finally, Anchor Capital Management Company LLC raised its stake in Janus International Group by 118.0% during the 4th quarter. Anchor Capital Management Company LLC now owns 1,209,226 shares of the company's stock worth $7,908,000 after buying an additional 654,563 shares during the period. Institutional investors and hedge funds own 88.78% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on JBI shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a report on Wednesday, June 24th. Wall Street Zen downgraded Janus International Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, UBS Group lowered their target price on Janus International Group from $7.25 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $8.33.
Get Our Latest Stock Analysis on JBI
Janus International Group Stock Down 0.4%
Shares of NYSE JBI opened at $5.54 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.65 and a quick ratio of 2.19. The company has a 50-day moving average price of $5.31 and a 200-day moving average price of $5.68. The stock has a market capitalization of $769.98 million, a P/E ratio of 17.89 and a beta of 1.47. Janus International Group, Inc. has a 1 year low of $4.26 and a 1 year high of $10.80.
Janus International Group (NYSE:JBI - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The business had revenue of $222.70 million during the quarter, compared to analyst estimates of $219.21 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company's revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that Janus International Group, Inc. will post 0.5 EPS for the current fiscal year.
Janus International Group Profile
(
Free Report)
Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.
Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.
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