Royce & Associates LP Has $12.38 Million Holdings in Janus International Group, Inc. (NYSE:JBI)

Royce & Associates LP grew its stake in Janus International Group, Inc. (NYSE:JBI) by 21.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,224,593 shares of the company’s stock after purchasing an additional 216,382 shares during the period. Royce & Associates LP’s holdings in Janus International Group were worth $12,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. acquired a new position in shares of Janus International Group during the 1st quarter valued at $18,954,000. Swiss National Bank lifted its holdings in Janus International Group by 19.0% during the first quarter. Swiss National Bank now owns 275,500 shares of the company’s stock valued at $4,168,000 after purchasing an additional 44,000 shares during the last quarter. River Road Asset Management LLC purchased a new stake in Janus International Group during the third quarter valued at about $8,256,000. Boston Partners lifted its holdings in Janus International Group by 10.3% during the first quarter. Boston Partners now owns 2,867,586 shares of the company’s stock valued at $43,112,000 after purchasing an additional 267,474 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 1,817,144 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBI has been the topic of several recent research reports. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. KeyCorp lowered their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Benchmark lowered their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Finally, UBS Group lowered their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.25.

Janus International Group Stock Down 1.4 %

Shares of Janus International Group stock opened at $7.17 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.96 and a beta of 0.92. The company’s 50 day moving average price is $9.27 and its 200-day moving average price is $11.58.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Equities research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group 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.