CenterBook Partners LP Acquires Shares of 416,517 Janus International Group, Inc. $JBI

CenterBook Partners LP bought a new position in Janus International Group, Inc. (NYSE:JBI) during the 4th quarter, Holdings Channel reports. The institutional investor bought 416,517 shares of the company’s stock, valued at approximately $2,724,000.

A number of other institutional investors have also recently modified their holdings of the stock. Cooke & Bieler LP grew its stake in shares of Janus International Group by 12.7% in the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock worth $50,661,000 after acquiring an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Janus International Group by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock worth $38,336,000 after acquiring an additional 92,804 shares during the last quarter. Wasatch Advisors LP grew its stake 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 worth $51,940,000 after acquiring an additional 1,435,777 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Janus International Group by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after acquiring an additional 381,462 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Janus International Group by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company’s stock worth $36,075,000 after acquiring an additional 48,890 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. KeyCorp reduced their target price on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, UBS Group reduced their target price on Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.33.

Janus International Group Stock Down 3.0%

Janus International Group stock opened at $4.95 on Tuesday. The firm has a market cap of $686.66 million, a price-to-earnings ratio of 15.95 and a beta of 1.48. The stock has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $6.05. Janus International Group, Inc. has a 12 month low of $4.26 and a 12 month high of $10.80. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI) last posted 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). The business had revenue of $222.70 million during the quarter, compared to the consensus estimate of $219.21 million. Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. Equities analysts predict that Janus International Group, Inc. will post 0.5 EPS for the current fiscal year.

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.