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

Royce & Associates LP reduced its stake in Janus International Group, Inc. (NYSE:JBI) by 43.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,318,797 shares of the company’s stock after selling 993,743 shares during the period. Royce & Associates LP’s holdings in Janus International Group were worth $8,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC raised its position in shares of Janus International Group by 130.0% in the 4th 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 during the last quarter. Russell Investments Group Ltd. raised its position in shares of Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Janus International Group in the 4th quarter valued at approximately $71,000. New York State Teachers Retirement System purchased a new position in shares of Janus International Group in the 4th quarter valued at approximately $81,000. Finally, Inscription Capital LLC purchased a new position in Janus International Group during the 4th quarter worth approximately $85,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Janus International Group Price Performance

NYSE:JBI opened at $5.41 on Friday. The company has a 50 day moving average price of $5.23 and a 200-day moving average price of $6.10. Janus International Group, Inc. has a 1-year low of $4.26 and a 1-year high of $10.80. The firm has a market cap of $751.79 million, a price-to-earnings ratio of 17.46 and a beta of 1.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.65 and a quick ratio of 2.19.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The company had revenue of $222.70 million during the quarter, compared to analyst estimates of $219.21 million. During the same period in the prior year, the business posted $0.13 EPS. Janus International Group’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 EPS for the current year.

Janus International Group Company 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.