Wasatch Advisors LP Cuts Stake in Janus International Group, Inc. (NYSE:JBI)

Wasatch Advisors LP reduced its position in Janus International Group, Inc. (NYSE:JBI) by 16.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,982,092 shares of the company’s stock after selling 568,540 shares during the quarter. Wasatch Advisors LP owned about 2.03% of Janus International Group worth $45,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PEAK6 Investments LLC purchased a new stake in shares of Janus International Group during the third quarter valued at $119,000. Wellington Management Group LLP purchased a new stake in shares of Janus International Group during the third quarter valued at $26,096,000. Victory Capital Management Inc. lifted its position in Janus International Group by 56.7% during the fourth quarter. Victory Capital Management Inc. now owns 723,315 shares of the company’s stock valued at $9,439,000 after purchasing an additional 261,808 shares during the period. Trexquant Investment LP lifted its position in Janus International Group by 354.4% during the fourth quarter. Trexquant Investment LP now owns 336,501 shares of the company’s stock valued at $4,391,000 after purchasing an additional 262,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Janus International Group by 27.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company’s stock valued at $22,637,000 after purchasing an additional 378,478 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Trading Up 0.5 %

Shares of Janus International Group stock opened at $12.43 on Wednesday. The firm has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $14.11. The company has a market cap of $1.81 billion, a P/E ratio of 13.08 and a beta of 0.91. Janus International Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $252.90 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities analysts predict that Janus International Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $21.00 target price on shares of Janus International Group in a research report on Tuesday, May 14th. Jefferies Financial Group assumed coverage on shares of Janus International Group in a research report on Monday, April 15th. They set a “buy” rating and a $20.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Janus International Group has a consensus rating of “Moderate Buy” and a consensus target price of $16.30.

Janus International Group Company 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.