Wellington Management Group LLP Raises Holdings in Janus International Group, Inc. (NYSE:JBI)

Wellington Management Group LLP increased its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,585,908 shares of the company's stock after purchasing an additional 219,506 shares during the quarter. Wellington Management Group LLP owned approximately 3.27% of Janus International Group worth $33,706,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in JBI. Federated Hermes Inc. boosted its stake in Janus International Group by 109.3% during the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after buying an additional 2,506 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $38,000 after buying an additional 1,544 shares during the last quarter. US Bancorp DE boosted its stake in Janus International Group by 108.8% during the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after buying an additional 2,918 shares during the last quarter. KBC Group NV boosted its stake in Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock worth $65,000 after buying an additional 4,496 shares during the last quarter. Finally, Group One Trading LLC boosted its stake 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 worth $67,000 after buying an additional 9,000 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Up 0.2%

Shares of Janus International Group stock traded up $0.02 during trading hours on Wednesday, hitting $8.06. The company's stock had a trading volume of 441,056 shares, compared to its average volume of 1,937,956. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 11.19 and a beta of 1.20. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $15.24. The firm has a fifty day moving average of $7.34 and a 200-day moving average of $7.64.

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

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

Analyst Ratings Changes

Separately, KeyCorp upped their price target 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Janus International Group currently has a consensus rating of "Hold" and a consensus target price 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.