Fmr LLC Purchases 6,227,738 Shares of Janus International Group, Inc. (NYSE:JBI)

FMR LLC lifted its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,544,033 shares of the company's stock after acquiring an additional 6,227,738 shares during the period. FMR LLC owned approximately 10.31% of Janus International Group worth $106,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. LPL Financial LLC lifted its stake in Janus International Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company's stock worth $263,000 after purchasing an additional 1,839 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Janus International Group by 109.3% during the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after buying an additional 2,506 shares in the last quarter. Applied Fundamental Research LLC lifted its position in shares of Janus International Group by 0.4% during the 4th quarter. Applied Fundamental Research LLC now owns 790,594 shares of the company's stock worth $5,811,000 after buying an additional 2,877 shares during the last quarter. US Bancorp DE boosted its stake in Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock valued at $41,000 after buying an additional 2,918 shares in the last quarter. Finally, KBC Group NV grew its position in Janus International Group by 102.9% in the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock valued at $65,000 after acquiring an additional 4,496 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Price Performance

JBI stock traded up $0.34 during midday trading on Friday, reaching $6.40. 2,325,026 shares of the stock were exchanged, compared to its average volume of 2,019,878. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The stock has a market capitalization of $897.29 million, a PE ratio of 8.88 and a beta of 1.09. Janus International Group, Inc. has a 52 week low of $5.99 and a 52 week high of $15.35. The company has a fifty day moving average price of $7.59 and a 200 day moving average price of $7.90.

Analyst Ratings Changes

Separately, KeyCorp reduced their price target on shares of Janus International Group from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.75.

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.