Silvercrest Asset Management Group LLC Has $19.58 Million Stake in Janus International Group, Inc. (NYSE:JBI)

Silvercrest Asset Management Group LLC lessened its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,663,960 shares of the company's stock after selling 391,333 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.89% of Janus International Group worth $19,580,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JBI. Federated Hermes Inc. increased its holdings in Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after purchasing an additional 2,506 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after purchasing an additional 1,544 shares during the last quarter. US Bancorp DE increased its holdings 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 purchasing an additional 2,918 shares during the last quarter. KBC Group NV increased its holdings 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 purchasing an additional 4,496 shares during the last quarter. Finally, Group One Trading LLC increased its holdings in Janus International Group by 9,000.0% in the fourth 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 last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Trading Down 0.2%

Shares of Janus International Group stock traded down $0.02 during trading hours on Tuesday, hitting $8.69. The company's stock had a trading volume of 1,099,607 shares, compared to its average volume of 1,951,221. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The stock has a 50 day moving average of $7.30 and a 200 day moving average of $7.58. The company has a market capitalization of $1.22 billion, a PE ratio of 12.07 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.

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

Janus International Group declared that its board has authorized a share buyback plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

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.