Janus International Group, Inc. $JBI Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in Janus International Group, Inc. (NYSE:JBI) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577,695 shares of the company’s stock after selling 105,744 shares during the quarter. Lazard Asset Management LLC owned approximately 0.42% of Janus International Group worth $2,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clearstead Advisors LLC lifted its holdings in shares of Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after acquiring an additional 3,017 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Janus International Group by 1,978.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock valued at $35,000 after purchasing an additional 5,105 shares during the period. Russell Investments Group Ltd. increased its position in Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after purchasing an additional 6,399 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Janus International Group during the fourth quarter worth approximately $71,000. Finally, New York State Teachers Retirement System acquired a new position in Janus International Group during the fourth quarter worth approximately $81,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Up 0.7%

JBI opened at $5.12 on Friday. The firm has a 50 day moving average price of $5.29 and a 200 day moving average price of $5.74. The company has a market cap of $711.66 million, a PE ratio of 16.53 and a beta of 1.46. Janus International Group, Inc. has a 1 year low of $4.26 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65.

Janus International Group (NYSE:JBI) last issued its earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The business had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $219.21 million. During the same period in the prior year, the business posted $0.13 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBI. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. Finally, UBS Group cut their target price on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. 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 company. According to data from MarketBeat, Janus International Group has a consensus rating of “Hold” and an average price target of $8.33.

Janus International Group Company Profile

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.