DAVENPORT & Co LLC Grows Holdings in Janus International Group, Inc. (NYSE:JBI)

DAVENPORT & Co LLC boosted its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,901,725 shares of the company's stock after acquiring an additional 233,654 shares during the quarter. DAVENPORT & Co LLC owned 1.98% of Janus International Group worth $38,012,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBI. Vaughan Nelson Investment Management L.P. bought a new stake in Janus International Group in the 3rd quarter valued at $36,243,000. Wellington Management Group LLP bought a new stake in Janus International Group in the 3rd quarter valued at $26,096,000. Marshall Wace LLP lifted its position in Janus International Group by 7,025.3% during the 2nd quarter. Marshall Wace LLP now owns 2,288,354 shares of the company's stock worth $24,394,000 after buying an additional 2,256,238 shares in the last quarter. Vanguard Group Inc. lifted its position in Janus International Group by 64.3% during the 1st quarter. Vanguard Group Inc. now owns 5,605,869 shares of the company's stock worth $50,453,000 after buying an additional 2,194,348 shares in the last quarter. Finally, Morgan Stanley lifted its position in Janus International Group by 259.3% during the 3rd quarter. Morgan Stanley now owns 2,973,061 shares of the company's stock worth $31,812,000 after buying an additional 2,145,713 shares in the last quarter. 88.78% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Norman V. Nettie sold 55,271 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $13.99, for a total value of $773,241.29. Following the sale, the vice president now directly owns 410,515 shares of the company's stock, valued at approximately $5,743,104.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Norman V. Nettie sold 55,271 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $13.99, for a total value of $773,241.29. Following the transaction, the vice president now owns 410,515 shares in the company, valued at approximately $5,743,104.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ramey Pierce Jackson sold 55,191 shares of the company's stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $13.99, for a total transaction of $772,122.09. Following the completion of the transaction, the chief executive officer now owns 834,319 shares in the company, valued at approximately $11,672,122.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 638,841 shares of company stock valued at $9,331,976. 42.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on JBI shares. Benchmark cut their price target on shares of Janus International Group from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. TheStreet raised shares of Janus International Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.38.

Janus International Group Stock Performance

Shares of JBI stock traded up $0.04 on Wednesday, reaching $14.48. The stock had a trading volume of 881,298 shares, compared to its average volume of 1,499,881. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. The firm's 50-day moving average is $14.79 and its two-hundred day moving average is $12.51. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 15.74 and a beta of 0.94. Janus International Group, Inc. has a 12 month low of $8.66 and a 12 month high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $263.70 million during the quarter, compared to the consensus estimate of $284.01 million. Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. On average, research analysts expect that Janus International Group, Inc. will post 1.02 EPS for the current fiscal year.

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.