Janus International Group, Inc. $JBI Stock Holdings Cut by Cooke & Bieler LP

Cooke & Bieler LP decreased its stake in Janus International Group, Inc. (NYSE:JBI) by 21.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,010,765 shares of the company’s stock after selling 1,088,992 shares during the quarter. Cooke & Bieler LP’s holdings in Janus International Group were worth $16,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBI. MW Advisory LLC acquired a new stake in Janus International Group in the second quarter valued at approximately $12,119,000. Dimensional Fund Advisors LP grew its stake in shares of Janus International Group by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock worth $21,657,000 after buying an additional 474,205 shares during the last quarter. RBF Capital LLC grew its stake in shares of Janus International Group by 33.6% during the first quarter. RBF Capital LLC now owns 1,401,614 shares of the company’s stock worth $7,218,000 after buying an additional 352,430 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Janus International Group by 155.8% during the first quarter. First Trust Advisors LP now owns 415,351 shares of the company’s stock worth $2,139,000 after buying an additional 252,972 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Janus International Group during the first quarter worth $1,301,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Performance

Shares of JBI stock opened at $4.28 on Thursday. The business’s 50-day moving average price is $4.58 and its 200-day moving average price is $5.03. Janus International Group, Inc. has a 12 month low of $4.01 and a 12 month high of $10.32. The firm has a market capitalization of $583.28 million, a price-to-earnings ratio of 17.81 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $238.78 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Janus International Group, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on JBI shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, September 21st. UBS Group cut their price objective on Janus International Group from $6.00 to $5.60 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Janus International Group has an average rating of “Hold” and a consensus target price of $7.30.

About Janus International Group

Janus International Group, Inc is a manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company serves self-storage owners, operators, developers and general contractors with products designed for new construction, facility expansions, renovations and ongoing property management.

Its product portfolio includes roll-up and swing doors, hallway systems, relocatable storage units, partitions, and other facility components.