Janus International Group, Inc. $JBI Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its stake in Janus International Group, Inc. (NYSE:JBI) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,637,966 shares of the company’s stock after selling 139,274 shares during the period. William Blair Investment Management LLC owned 1.90% of Janus International Group worth $17,252,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of 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 buying an additional 6,399 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Janus International Group in the 4th quarter valued at $71,000. New York State Teachers Retirement System purchased a new stake in Janus International Group in the 4th quarter valued at $81,000. Aquatic Capital Management LLC purchased a new stake in Janus International Group in the 3rd quarter valued at $127,000. Finally, Inscription Capital LLC purchased a new stake in Janus International Group in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group reduced their price target on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp reduced their price target on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and a consensus price target of $8.33.

Janus International Group Stock Down 0.1%

JBI stock opened at $5.19 on Tuesday. The company has a fifty day moving average price of $5.23 and a 200 day moving average price of $6.15. Janus International Group, Inc. has a 12 month low of $4.26 and a 12 month high of $10.80. The company has a market cap of $721.10 million, a price-to-earnings ratio of 16.75 and a beta of 1.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.65 and a quick ratio of 2.19.

Janus International Group (NYSE:JBI) last released its quarterly earnings results 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 during 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%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Sell-side analysts expect 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.