Janus Henderson Group PLC Boosts Holdings in Janus International Group, Inc. (NYSE:JBI)

Janus Henderson Group PLC raised its position in shares of Janus International Group, Inc. (NYSE:JBI) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,947,508 shares of the company’s stock after purchasing an additional 80,362 shares during the quarter. Janus Henderson Group PLC owned 2.01% of Janus International Group worth $44,595,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after purchasing an additional 1,817,144 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Janus International Group by 59.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after purchasing an additional 2,027,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Janus International Group by 23.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock valued at $79,414,000 after purchasing an additional 988,435 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Janus International Group by 16.1% during the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after purchasing an additional 493,417 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after purchasing an additional 345,448 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on JBI. Jefferies Financial Group assumed coverage on shares of Janus International Group in a report on Monday, April 15th. They issued a “buy” rating and a $20.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Janus International Group in a research report on Tuesday, May 14th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.88.

Insider Buying and Selling

In related news, insider Peter Frayser sold 15,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the sale, the insider now directly owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.94% of the stock is owned by insiders.

Janus International Group Stock Up 0.1 %

NYSE:JBI traded up $0.02 during mid-day trading on Tuesday, reaching $15.05. The company’s stock had a trading volume of 1,917,283 shares, compared to its average volume of 1,707,614. Janus International Group, Inc. has a 1 year low of $9.16 and a 1 year high of $15.86. The stock has a fifty day moving average of $13.34 and a 200-day moving average of $14.12. The firm has a market capitalization of $2.20 billion, a PE ratio of 15.72 and a beta of 0.91. The company has a quick ratio of 2.63, a current ratio of 2.95 and a debt-to-equity ratio of 1.13.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The company had revenue of $254.50 million during the quarter, compared to analyst estimates of $252.90 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Janus International Group, Inc. will post 1.03 earnings per share for the current year.

About Janus International Group

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.