Vanguard Group Inc. Has $98.20 Million Stake in Janus International Group, Inc. (NYSE:JBI)

Vanguard Group Inc. boosted its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,177,581 shares of the company's stock after buying an additional 1,262,994 shares during the period. Vanguard Group Inc. owned approximately 6.25% of Janus International Group worth $98,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Janus International Group during the 3rd quarter worth $28,000. Parkside Financial Bank & Trust purchased a new stake in shares of Janus International Group in the 2nd quarter worth about $28,000. Ensign Peak Advisors Inc acquired a new position in Janus International Group in the 3rd quarter valued at about $30,000. Comerica Bank acquired a new position in Janus International Group in the 3rd quarter valued at about $35,000. Finally, Gyon Technologies Capital Management LP acquired a new position in Janus International Group in the 4th quarter valued at about $35,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark dropped their price objective on shares of Janus International Group from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, March 1st. TheStreet raised shares of Janus International Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.38.

Janus International Group Trading Up 0.2 %

Shares of NYSE:JBI traded up $0.04 during trading on Friday, reaching $14.55. 817,314 shares of the stock were exchanged, compared to its average volume of 1,481,879. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.38 and a current ratio of 2.66. Janus International Group, Inc. has a 12-month low of $8.66 and a 12-month high of $15.86. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.77 and a beta of 0.94. The firm's 50-day moving average price is $14.80 and its 200 day moving average price is $12.52.

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). Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The firm had revenue of $263.70 million for the quarter, compared to analysts' expectations of $284.01 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Janus International Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the transaction, the vice president now owns 285,786 shares in the company, valued at approximately $4,363,952.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the transaction, the vice president now owns 285,786 shares in the company, valued at approximately $4,363,952.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Norman V. Nettie sold 55,271 shares of the company's stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $13.99, for a total value of $773,241.29. Following the completion of the transaction, the vice president now owns 410,515 shares of the company's stock, valued at approximately $5,743,104.85. The disclosure for this sale can be found here. Insiders sold a total of 638,841 shares of company stock worth $9,331,976 in the last 90 days. 42.90% of the stock is owned by company insiders.

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.