Janus International Group, Inc. (NYSE:JBI) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 59.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,460,759 shares of the company's stock after purchasing an additional 2,027,286 shares during the period. Allspring Global Investments Holdings LLC owned approximately 3.72% of Janus International Group worth $71,263,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. PEAK6 Investments LLC purchased a new stake in shares of Janus International Group in the 3rd quarter valued at approximately $119,000. Wellington Management Group LLP acquired a new stake in Janus International Group in the third quarter valued at $26,096,000. Legato Capital Management LLC lifted its holdings in Janus International Group by 54.9% during the 4th quarter. Legato Capital Management LLC now owns 304,484 shares of the company's stock worth $3,974,000 after buying an additional 107,935 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Janus International Group by 8.8% during the 4th quarter. DAVENPORT & Co LLC now owns 2,901,725 shares of the company's stock worth $38,012,000 after acquiring an additional 233,654 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in shares of Janus International Group by 405.9% in the 3rd quarter. Graham Capital Management L.P. now owns 110,600 shares of the company's stock valued at $1,183,000 after acquiring an additional 88,739 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Janus International Group

In other news, VP Norman V. Nettie sold 90,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the transaction, the vice president now directly owns 285,786 shares of the company's stock, valued at approximately $4,363,952.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ramey Pierce Jackson sold 55,191 shares of Janus International Group stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $13.99, for a total transaction of $772,122.09. Following the completion of the sale, the chief executive officer now owns 834,319 shares in the company, valued at approximately $11,672,122.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Norman V. Nettie sold 90,000 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the transaction, the vice president now owns 285,786 shares in the company, valued at $4,363,952.22. The disclosure for this sale can be found here. In the last three months, insiders sold 638,841 shares of company stock worth $9,331,976. 42.90% of the stock is owned by corporate insiders.

Janus International Group Price Performance

NYSE:JBI traded down $0.48 during trading hours on Wednesday, hitting $14.20. The company's stock had a trading volume of 674,756 shares, compared to its average volume of 1,445,093. The company has a market capitalization of $2.09 billion, a PE ratio of 15.43 and a beta of 0.94. Janus International Group, Inc. has a 52-week low of $8.66 and a 52-week high of $15.86. The business's 50-day moving average is $14.82 and its two-hundred day moving average is $12.64. 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 (NYSE:JBI - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $263.70 million for the quarter, compared to analyst estimates of $284.01 million. Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, research analysts anticipate that Janus International Group, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBI. TheStreet raised Janus International Group from a "c+" rating to a "b-" rating in a report on Thursday, January 4th. Benchmark cut their price target on 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. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Janus International Group currently has a consensus rating of "Moderate Buy" and an average target price of $15.38.

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.