55,547 Shares in Janus International Group, Inc. $JBI Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC has acquired a new stake of 55,547 shares in Janus International Group, Inc. valued at approximately $400,000.
• Janus International Group has received positive ratings from analysts, with KeyCorp raising its target price from $10.00 to $12.00, reflecting an "overweight" rating.
• The company has initiated a share repurchase plan authorizing the buyback of up to $75 million in shares, indicating that its board believes the stock is undervalued.

Vident Advisory LLC purchased a new stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 55,547 shares of the company's stock, valued at approximately $400,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its position in Janus International Group by 336.2% during 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 grew its position in Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after buying an additional 1,544 shares during the period. Group One Trading LLC grew its position in Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,000 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Janus International Group during the first quarter valued at $72,000. Finally, CWM LLC grew its position in Janus International Group by 571.1% during the first quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after buying an additional 9,371 shares during the period. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Trading Down 0.8%

Shares of JBI traded down $0.08 during trading on Friday, reaching $10.32. 933,879 shares of the company traded hands, compared to its average volume of 780,313. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $10.73. The stock has a market cap of $1.43 billion, a PE ratio of 33.28 and a beta of 1.31. The stock has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $8.39. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $228.10 million during the quarter, compared to analysts' expectations of $216.99 million. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business's quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. On average, analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group declared that its Board of Directors 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 buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

Janus International Group 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.