Janus Henderson Group PLC Has $18.56 Million Stake in Janus International Group, Inc. (NYSE:JBI)

Janus Henderson Group PLC trimmed its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 38.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,525,257 shares of the company's stock after selling 1,593,378 shares during the quarter. Janus Henderson Group PLC owned approximately 1.79% of Janus International Group worth $18,561,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Federated Hermes Inc. raised its position in Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after acquiring an additional 2,506 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after acquiring an additional 1,544 shares in the last quarter. US Bancorp DE grew its holdings in shares of Janus International Group by 108.8% in the 4th quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after acquiring an additional 2,918 shares during the last quarter. KBC Group NV lifted its holdings in shares of Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock valued at $65,000 after purchasing an additional 4,496 shares during the last quarter. Finally, Group One Trading LLC boosted 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 valued at $67,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 88.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, KeyCorp lifted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.00.

Janus International Group Stock Performance

JBI traded down $0.15 during trading on Monday, reaching $8.71. 750,460 shares of the company's stock were exchanged, compared to its average volume of 1,953,368. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $15.24. The company has a market capitalization of $1.22 billion, a P/E ratio of 12.10 and a beta of 1.20. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $7.29 and a 200 day moving average price of $7.57.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The company's quarterly revenue was down 17.3% compared to the same quarter last year. As a group, analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.