Algert Global LLC Lowers Stock Position in Janus International Group, Inc. (NYSE:JBI)

Algert Global LLC cut its holdings in Janus International Group, Inc. (NYSE:JBI) by 92.0% during the second quarter, Holdings Channel reports. The institutional investor owned 13,966 shares of the company’s stock after selling 160,044 shares during the quarter. Algert Global LLC’s holdings in Janus International Group were worth $176,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JBI. Silvercrest Asset Management Group LLC bought a new position in shares of Janus International Group during the first quarter valued at approximately $44,026,000. Vanguard Group Inc. raised its stake in Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after buying an additional 2,458,953 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Janus International Group by 2,063.3% during the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after buying an additional 1,277,377 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in Janus International Group in the 1st quarter worth about $18,954,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Janus International Group by 23.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock worth $79,414,000 after buying an additional 988,435 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

Insider Transactions at Janus International Group

In related news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 217,805 shares in the company, valued at $3,267,075. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.94% of the company’s stock.

Janus International Group Trading Up 1.9 %

JBI opened at $10.05 on Friday. Janus International Group, Inc. has a 52 week low of $9.16 and a 52 week high of $15.86. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average is $10.53 and its two-hundred day moving average is $12.71. The company has a market capitalization of $1.47 billion, a P/E ratio of 10.58 and a beta of 0.88.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The company had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. Analysts forecast that Janus International Group, Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JBI shares. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. 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. KeyCorp dropped their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Jefferies Financial Group reduced their price objective on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, UBS Group dropped their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.25.

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.