AQR Capital Management LLC Grows Stake in Janus International Group, Inc. (NYSE:JBI)

AQR Capital Management LLC raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 68.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 104,449 shares of the company’s stock after purchasing an additional 42,294 shares during the period. AQR Capital Management LLC’s holdings in Janus International Group were worth $1,319,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new stake in Janus International Group during the 4th quarter worth approximately $35,000. Point72 Hong Kong Ltd purchased a new position in Janus International Group in the 2nd quarter worth $60,000. Amalgamated Bank raised its stake in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares during the last quarter. Comerica Bank lifted its holdings in shares of Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after purchasing an additional 2,962 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Janus International Group in the first quarter valued at approximately $173,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Insider Activity at Janus International Group

In other news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares in the company, valued at approximately $3,267,075. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JBI has been the subject of several analyst reports. UBS Group decreased their price objective on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Benchmark cut their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group decreased their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. KeyCorp cut their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Janus International Group Stock Up 1.9 %

JBI stock opened at $10.05 on Friday. Janus International Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.86. The company’s 50 day moving average price is $10.53 and its 200 day moving average price is $12.71. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 10.58 and a beta of 0.88.

Janus International Group (NYSE:JBI) last posted its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The business had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. On average, equities research analysts anticipate that Janus International Group, Inc. will post 0.84 EPS for the current fiscal 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.