Janus International Group, Inc. $JBI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Janus International Group, Inc. by 1.2%, now owning approximately 9.51% of the company, valued at $96.1 million after selling 156,483 shares in the first quarter.
• Several hedge funds have adjusted their positions in Janus, with Pacer Advisors Inc. initiating a new position valued at $8.6 million and Dimensional Fund Advisors LP increasing its stake by 21.5%.
• Wall Street analysts have mixed ratings on Janus International Group, with a consensus "Hold" rating and target price of $10.67, while Jefferies and UBS raised their price objectives to $10.00.

Vanguard Group Inc. decreased its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,348,487 shares of the company's stock after selling 156,483 shares during the period. Vanguard Group Inc. owned 9.51% of Janus International Group worth $96,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JBI. Tower Research Capital LLC TRC grew its position 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 worth $38,000 after buying an additional 1,544 shares during the last quarter. Group One Trading LLC grew its position in shares of Janus International Group by 9,000.0% in the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after buying an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Janus International Group in the 1st quarter worth approximately $72,000. CWM LLC grew its position in shares of Janus International Group by 571.1% in the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after buying an additional 9,371 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Janus International Group in the 4th quarter worth approximately $95,000. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Stock Performance

NYSE:JBI traded down $0.06 during trading hours on Thursday, hitting $10.40. 708,192 shares of the company were exchanged, compared to its average volume of 1,334,646. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 33.53 and a beta of 1.25. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $11.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. The company's 50 day moving average price is $9.20 and its 200-day moving average price is $8.23.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business had revenue of $228.10 million during the quarter, compared to analysts' expectations of $216.99 million. During the same period in the previous year, the business posted $0.21 EPS. The business's quarterly revenue was down 8.2% compared to the same quarter last year. Janus International Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 15th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JBI. KeyCorp lifted their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Jefferies Financial Group lifted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. Finally, UBS Group lifted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.67.

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.