Janus Henderson Group PLC Trims Position in Jeld-Wen Holding Inc (NYSE:JELD)

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Janus Henderson Group PLC reduced its position in Jeld-Wen Holding Inc (NYSE:JELD) by 48.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,547 shares of the company’s stock after selling 9,148 shares during the quarter. Janus Henderson Group PLC’s holdings in Jeld-Wen were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JELD. Dimensional Fund Advisors LP raised its position in Jeld-Wen by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,627 shares of the company’s stock valued at $17,914,000 after purchasing an additional 408,034 shares during the period. Norges Bank purchased a new position in Jeld-Wen in the fourth quarter valued at about $10,991,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Jeld-Wen in the first quarter valued at about $470,000. BNP Paribas Arbitrage SA grew its stake in shares of Jeld-Wen by 815.9% during the first quarter. BNP Paribas Arbitrage SA now owns 15,744 shares of the company’s stock valued at $278,000 after acquiring an additional 14,025 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Jeld-Wen by 33.1% during the first quarter. SG Americas Securities LLC now owns 88,027 shares of the company’s stock valued at $1,555,000 after acquiring an additional 21,876 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on JELD shares. TheStreet upgraded Jeld-Wen from a “d+” rating to a “c-” rating in a research note on Monday, July 22nd. Zacks Investment Research cut Jeld-Wen from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. B. Riley set a $21.00 price target on Jeld-Wen and gave the company a “hold” rating in a report on Monday, August 12th. Royal Bank of Canada set a $23.00 price target on Jeld-Wen and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, Bank of America set a $18.00 price target on Jeld-Wen and gave the company a “sell” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Jeld-Wen currently has a consensus rating of “Hold” and a consensus target price of $21.17.

NYSE JELD opened at $16.51 on Wednesday. The stock has a market cap of $1.66 billion, a P/E ratio of 10.32, a PEG ratio of 0.99 and a beta of 2.51. The company’s 50-day simple moving average is $19.60 and its 200 day simple moving average is $19.76. Jeld-Wen Holding Inc has a twelve month low of $13.28 and a twelve month high of $26.80. The company has a quick ratio of 0.96, a current ratio of 1.66 and a debt-to-equity ratio of 2.11.

Jeld-Wen (NYSE:JELD) last announced its earnings results on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). Jeld-Wen had a return on equity of 19.84% and a net margin of 2.47%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. Jeld-Wen’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts anticipate that Jeld-Wen Holding Inc will post 1.55 earnings per share for the current year.

Jeld-Wen Company Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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