Janus International Group, Inc. $JBI Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 87.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,174 shares of the company’s stock after selling 2,362,771 shares during the period. Janus Henderson Group PLC’s holdings in Janus International Group were worth $1,824,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. First Eagle Investment Management LLC raised its stake in shares of Janus International Group by 21.1% in the fourth quarter. First Eagle Investment Management LLC now owns 1,374,346 shares of the company’s stock valued at $8,988,000 after acquiring an additional 239,665 shares in the last quarter. Villanova Investment Management Co LLC grew its stake in Janus International Group by 71.6% during the 4th quarter. Villanova Investment Management Co LLC now owns 243,665 shares of the company’s stock worth $1,594,000 after purchasing an additional 101,695 shares in the last quarter. First Trust Advisors LP grew its stake in Janus International Group by 155.8% during the 1st quarter. First Trust Advisors LP now owns 415,351 shares of the company’s stock worth $2,139,000 after purchasing an additional 252,972 shares in the last quarter. Sei Investments Co. increased its holdings in Janus International Group by 83.3% during the 1st quarter. Sei Investments Co. now owns 517,883 shares of the company’s stock worth $2,667,000 after purchasing an additional 235,331 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Janus International Group by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock worth $21,657,000 after purchasing an additional 474,205 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JBI. Wall Street Zen cut Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th. Finally, UBS Group reduced their target price on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.33.

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $5.54 on Monday. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 0.96. Janus International Group, Inc. has a 52 week low of $4.26 and a 52 week high of $10.80. The firm’s 50 day moving average is $5.31 and its two-hundred day moving average is $5.67. The firm has a market capitalization of $769.98 million, a P/E ratio of 17.89 and a beta of 1.47.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The company had revenue of $222.70 million for the quarter, compared to analysts’ expectations of $219.21 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts forecast that Janus International Group, Inc. will post 0.5 EPS for the current fiscal year.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.