Lazard Asset Management LLC Sells 27,058 Shares of Janus International Group, Inc. (NYSE:JBI)

Lazard Asset Management LLC decreased its stake in Janus International Group, Inc. (NYSE:JBI) by 4.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 597,390 shares of the company’s stock after selling 27,058 shares during the quarter. Lazard Asset Management LLC’s holdings in Janus International Group were worth $9,038,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after acquiring an additional 1,817,144 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Janus International Group by 59.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after purchasing an additional 2,027,286 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Janus International Group by 23.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock worth $79,414,000 after purchasing an additional 988,435 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Janus International Group by 16.1% during the 4th quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock worth $46,336,000 after buying an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC grew its position in shares of Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock valued at $49,130,000 after buying an additional 345,448 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Trading Up 4.7 %

Shares of NYSE:JBI traded up $0.65 during mid-day trading on Friday, hitting $14.56. The company had a trading volume of 1,946,530 shares, compared to its average volume of 2,082,780. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.95 and a quick ratio of 2.63. Janus International Group, Inc. has a one year low of $9.16 and a one year high of $15.86. The firm has a fifty day moving average price of $13.33 and a 200 day moving average price of $14.11. The company has a market capitalization of $2.13 billion, a PE ratio of 15.33 and a beta of 0.91.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The firm had revenue of $254.50 million during the quarter, compared to the consensus estimate of $252.90 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Janus International Group, Inc. will post 1.03 EPS for the current year.

Analyst Ratings Changes

JBI has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $21.00 price objective on shares of Janus International Group in a research report on Tuesday, May 14th. Jefferies Financial Group assumed coverage on shares of Janus International Group in a research report on Monday, April 15th. They issued a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.88.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.