William Blair Investment Management LLC Trims Holdings in Janus International Group, Inc. $JBI

William Blair Investment Management LLC decreased its holdings in Janus International Group, Inc. (NYSE:JBI) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,637,259 shares of the company’s stock after selling 286,291 shares during the quarter. William Blair Investment Management LLC owned about 2.59% of Janus International Group worth $29,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. raised its position in Janus International Group by 914.9% in the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock valued at $26,163,000 after purchasing an additional 3,275,656 shares during the last quarter. DAVENPORT & Co LLC raised its position in Janus International Group by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock valued at $26,109,000 after purchasing an additional 40,201 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Janus International Group by 5.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock valued at $27,551,000 after purchasing an additional 174,891 shares during the last quarter. Boston Partners raised its position in Janus International Group by 1.1% in the 1st quarter. Boston Partners now owns 2,209,961 shares of the company’s stock valued at $15,511,000 after purchasing an additional 23,132 shares during the last quarter. Finally, Royce & Associates LP raised its position in Janus International Group by 14.0% in the 1st quarter. Royce & Associates LP now owns 2,127,169 shares of the company’s stock valued at $15,316,000 after purchasing an additional 261,116 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Jefferies Financial Group boosted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Janus International Group in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Janus International Group presently has an average rating of “Hold” and an average target price of $10.67.

Janus International Group Price Performance

Shares of NYSE JBI opened at $9.86 on Monday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 31.79 and a beta of 1.34. Janus International Group, Inc. has a 52 week low of $5.99 and a 52 week high of $10.80. The company’s 50-day moving average price is $10.10 and its 200 day moving average price is $8.75. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Monday, March 28th. The company reported $0.24 EPS for the quarter. The firm had revenue of $148.59 million for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. As a group, research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share 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.