Glenmede Trust Co. NA Raises Stock Position in Janus International Group, Inc. (NYSE:JBI)

Glenmede Trust Co. NA grew its position in Janus International Group, Inc. (NYSE:JBI) by 39.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,305,877 shares of the company’s stock after purchasing an additional 372,592 shares during the period. Glenmede Trust Co. NA’s holdings in Janus International Group were worth $13,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBI. FMR LLC grew its position in Janus International Group by 8.4% in the third quarter. FMR LLC now owns 8,316,295 shares of the company’s stock worth $84,078,000 after acquiring an additional 646,078 shares during the period. Truvestments Capital LLC lifted its stake in shares of Janus International Group by 16.3% in the 3rd quarter. Truvestments Capital LLC now owns 40,950 shares of the company’s stock valued at $414,000 after purchasing an additional 5,741 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Janus International Group by 55.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 76,538 shares of the company’s stock worth $774,000 after purchasing an additional 27,242 shares during the period. Eagle Asset Management Inc. increased its position in shares of Janus International Group by 67.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 290,608 shares of the company’s stock worth $2,938,000 after purchasing an additional 116,590 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Janus International Group by 40.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,190,439 shares of the company’s stock valued at $12,035,000 after buying an additional 342,586 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Price Performance

Janus International Group stock opened at $7.39 on Friday. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The firm has a market cap of $1.04 billion, a PE ratio of 10.26 and a beta of 0.92. The company’s 50 day moving average is $8.84 and its two-hundred day moving average is $11.22.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, research analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group cut Janus International Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, Benchmark decreased their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.25.

Janus International Group 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.