Applied Fundamental Research LLC Reduces Position in Janus International Group, Inc. (NYSE:JBI)

Applied Fundamental Research LLC reduced its position in shares of Janus International Group, Inc. (NYSE:JBI) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 787,717 shares of the company’s stock after selling 27,895 shares during the quarter. Janus International Group makes up 5.3% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 9th largest holding. Applied Fundamental Research LLC’s holdings in Janus International Group were worth $7,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JBI. ProShare Advisors LLC grew its stake in shares of Janus International Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock worth $231,000 after acquiring an additional 1,201 shares during the last quarter. Vanguard Group Inc. grew its position in Janus International Group by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Janus International Group in the first quarter valued at about $384,000. Price T Rowe Associates Inc. MD grew its position in Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock worth $368,000 after buying an additional 2,799 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Janus International Group by 2.8% during the first quarter. Janus Henderson Group PLC now owns 2,947,508 shares of the company’s stock valued at $44,595,000 after acquiring an additional 80,362 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBI has been the subject of a number of research reports. UBS Group reduced their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Benchmark reduced their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Finally, KeyCorp lowered their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Stock Performance

Janus International Group stock opened at $7.55 on Tuesday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 10.49 and a beta of 0.92. The stock has a fifty day moving average price of $8.95 and a two-hundred day moving average price of $11.29. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.

Janus International Group (NYSE:JBI) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, analysts anticipate that Janus International Group, Inc. will post 0.54 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.