Geode Capital Management LLC lifted its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,215,210 shares of the company's stock after acquiring an additional 577,315 shares during the period. Geode Capital Management LLC owned 2.28% of Janus International Group worth $32,512,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in JBI. Raymond James & Associates lifted its position in Janus International Group by 29.3% in the second quarter. Raymond James & Associates now owns 294,955 shares of the company's stock valued at $3,725,000 after acquiring an additional 66,799 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Janus International Group by 55.0% during the second quarter. Bank of New York Mellon Corp now owns 574,673 shares of the company's stock worth $7,258,000 after purchasing an additional 203,893 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Janus International Group by 24.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,266 shares of the company's stock valued at $344,000 after purchasing an additional 5,433 shares during the period. F M Investments LLC purchased a new position in Janus International Group during the 2nd quarter worth approximately $7,732,000. Finally, Principal Financial Group Inc. increased its position in Janus International Group by 67.8% during the second quarter. Principal Financial Group Inc. now owns 19,165 shares of the company's stock worth $242,000 after buying an additional 7,741 shares during the period. Hedge funds and other institutional investors own 88.78% of the company's stock.
A number of brokerages have recently issued reports on JBI. 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 report on Wednesday, October 30th. UBS Group lowered their price target on Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered Janus International Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $12.00 to $7.50 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.25.
Get Our Latest Analysis on Janus International Group
NYSE:JBI opened at $7.57 on Thursday. Janus International Group, Inc. has a 1 year low of $6.68 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a fifty day moving average price of $7.88 and a two-hundred day moving average price of $10.33. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.51 and a beta of 0.91.
Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same quarter last year, the business earned $0.27 EPS. The firm's revenue for the quarter was down 17.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.
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.
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