Janus International Group (NYSE:JBI) Stock Rating Lowered by Wall Street Zen

Janus International Group (NYSE:JBI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts also recently issued reports on JBI. UBS Group reduced their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, Zacks Research raised Janus International Group to a “hold” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.17.

Janus International Group Price Performance

JBI opened at $6.90 on Friday. The company has a quick ratio of 2.57, a current ratio of 3.03 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $6.93 and its 200 day moving average price is $8.20. Janus International Group has a fifty-two week low of $5.72 and a fifty-two week high of $10.80. The firm has a market cap of $957.86 million, a price-to-earnings ratio of 20.29 and a beta of 1.49.

Hedge Funds Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBI. Clearstead Advisors LLC raised its stake in shares of Janus International Group by 130.0% in the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Janus International Group by 1,978.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after acquiring an additional 5,105 shares during the period. AlphaQuest LLC raised its position in Janus International Group by 28.4% in the second quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock worth $53,000 after acquiring an additional 1,445 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Janus International Group by 771.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Janus International Group during the 3rd quarter valued at about $70,000. 88.78% of the stock is owned by institutional investors.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.