Janus International Group, Inc. $JBI Stock Position Trimmed by Glenmede Trust Co. NA

Glenmede Trust Co. NA trimmed its position in shares of Janus International Group, Inc. (NYSE:JBI) by 8.4% in the first quarter, HoldingsChannel reports. The firm owned 1,534,656 shares of the company’s stock after selling 141,595 shares during the period. Glenmede Trust Co. NA’s holdings in Janus International Group were worth $7,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBI. Clearstead Advisors LLC increased its stake in shares of Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 buying an additional 5,105 shares during the period. Russell Investments Group Ltd. boosted its position in shares of 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 buying an additional 6,399 shares during the period. Sanctuary Advisors LLC bought a new position in Janus International Group in the 4th quarter worth approximately $71,000. Finally, New York State Teachers Retirement System acquired a new stake in Janus International Group in the 4th quarter valued at approximately $81,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Up 5.6%

Shares of NYSE:JBI opened at $5.42 on Tuesday. The company has a 50 day moving average of $5.29 and a 200-day moving average of $5.72. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The firm has a market cap of $751.93 million, a P/E ratio of 17.47 and a beta of 1.47. Janus International Group, Inc. has a twelve month low of $4.26 and a twelve month high of $10.80.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data 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 company had revenue of $222.70 million for the quarter, compared to analyst estimates of $219.21 million. During the same quarter in the prior year, the business earned $0.13 EPS. Janus International Group’s revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBI has been the topic of several recent analyst reports. 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 note on Wednesday, May 13th. Wall Street Zen cut Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Janus International Group currently has a consensus rating of “Hold” and an average target price 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.