Canada Pension Plan Investment Board Invests $2.24 Million in Janus International Group, Inc. (NYSE:JBI)

Canada Pension Plan Investment Board purchased a new stake in Janus International Group, Inc. (NYSE:JBI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 177,400 shares of the company’s stock, valued at approximately $2,241,000. Canada Pension Plan Investment Board owned about 0.12% of Janus International Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Janus International Group by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Janus International Group by 15.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock valued at $76,243,000 after buying an additional 788,000 shares during the period. Cooke & Bieler LP lifted its position in Janus International Group by 33.8% in the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after buying an additional 966,346 shares during the last quarter. Wasatch Advisors LP boosted its stake in Janus International Group by 16.1% during the fourth quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock worth $46,336,000 after buying an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC increased its position in Janus International Group by 11.9% during the first quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after acquiring an additional 345,448 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Performance

Shares of NYSE:JBI opened at $10.17 on Friday. The firm’s 50 day simple moving average is $11.39 and its 200-day simple moving average is $13.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. Janus International Group, Inc. has a one year low of $9.16 and a one year high of $15.86. The firm has a market cap of $1.48 billion, a PE ratio of 10.70 and a beta of 0.89.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). The firm had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. As a group, equities analysts predict that Janus International Group, Inc. will post 0.84 EPS for the current year.

Insider Activity at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction dated 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.