First Trust Advisors LP Grows Holdings in Janus International Group, Inc. $JBI

First Trust Advisors LP boosted its position in Janus International Group, Inc. (NYSE:JBI) by 155.8% in the first quarter, HoldingsChannel reports. The firm owned 415,351 shares of the company’s stock after buying an additional 252,972 shares during the quarter. First Trust Advisors LP’s holdings in Janus International Group were worth $2,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ophir Asset Management Pty Ltd bought a new position in shares of Janus International Group during the 4th quarter worth approximately $22,753,000. Wasatch Advisors LP grew its holdings in shares of Janus International Group by 37.5% in the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after acquiring an additional 1,435,777 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Janus International Group by 12.7% during the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after acquiring an additional 874,131 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Janus International Group during the fourth quarter valued at approximately $4,530,000. Finally, Anchor Capital Management Company LLC lifted its holdings in Janus International Group by 118.0% during the fourth quarter. Anchor Capital Management Company LLC now owns 1,209,226 shares of the company’s stock worth $7,908,000 after acquiring an additional 654,563 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group cut their price objective 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. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Janus International Group presently has a consensus rating of “Hold” and an average price target of $8.33.

Janus International Group Trading Down 0.4%

Shares of JBI stock opened at $5.54 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 0.96. The firm has a market cap of $769.98 million, a P/E ratio of 17.89 and a beta of 1.47. The company has a 50 day moving average of $5.31 and a 200-day moving average of $5.68. Janus International Group, Inc. has a 12-month low of $4.26 and a 12-month high of $10.80.

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

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.