Royce & Associates LP Decreases Stock Holdings in Janus International Group, Inc. $JBI

Royce & Associates LP decreased its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,318,797 shares of the company’s stock after selling 993,743 shares during the quarter. Royce & Associates LP owned about 0.95% of Janus International Group worth $8,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Cooke & Bieler LP raised its stake in Janus International Group by 12.7% during the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares in the last quarter. Clearstead Advisors LLC raised its stake in Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares in the last quarter. MQS Management LLC purchased a new stake in Janus International Group during the fourth quarter valued at $98,000. LSV Asset Management purchased a new stake in Janus International Group during the fourth quarter valued at $4,008,000. Finally, ProShare Advisors LLC raised its stake in Janus International Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $162,000 after purchasing an additional 1,597 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Wall Street Analyst Weigh In

JBI has been the topic of a number of recent research reports. UBS Group decreased their price target on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. KeyCorp cut their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.33.

Janus International Group Trading Up 2.3%

NYSE JBI opened at $5.41 on Friday. The company’s 50-day moving average price is $5.23 and its 200-day moving average price is $6.10. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The stock has a market cap of $751.79 million, a PE ratio of 17.46 and a beta of 1.49. Janus International Group, Inc. has a 12 month low of $4.26 and a 12 month high of $10.80.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $219.21 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

Janus International Group Profile

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.