Voloridge Investment Management LLC Takes $576,000 Position in Janus International Group, Inc. (NYSE:JBI)

Voloridge Investment Management LLC purchased a new stake in Janus International Group, Inc. (NYSE:JBI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 78,321 shares of the company's stock, valued at approximately $576,000. Voloridge Investment Management LLC owned about 0.06% of Janus International Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. FMR LLC raised its position 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 purchasing an additional 6,227,738 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Janus International Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 13,504,970 shares of the company's stock worth $99,262,000 after acquiring an additional 43,135 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Janus International Group by 31.0% in the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company's stock worth $68,593,000 after acquiring an additional 2,207,140 shares in the last quarter. Cooke & Bieler LP raised its position in shares of Janus International Group by 25.9% in the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company's stock worth $55,485,000 after acquiring an additional 1,551,545 shares in the last quarter. Finally, Senvest Management LLC raised its position in shares of Janus International Group by 47.0% in the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock worth $41,685,000 after acquiring an additional 1,812,602 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp raised their target price on 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.00.

Janus International Group Stock Performance

Shares of NYSE:JBI traded up $0.13 during mid-day trading on Tuesday, reaching $8.04. The company had a trading volume of 2,197,219 shares, compared to its average volume of 1,943,830. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.16 and a beta of 1.20. The company's 50-day moving average price is $7.34 and its 200-day moving average price is $7.64. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24.

Janus International Group (NYSE:JBI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its board has approved a share repurchase plan on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.