River Road Asset Management LLC Raises Stake in Janus International Group, Inc. $JBI

River Road Asset Management LLC increased its holdings in shares of Janus International Group, Inc. (NYSE:JBIFree Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,567,960 shares of the company’s stock after acquiring an additional 95,032 shares during the period. River Road Asset Management LLC’s holdings in Janus International Group were worth $29,874,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Ophir Asset Management Pty Ltd bought a new position in Janus International Group during the 4th quarter valued at approximately $22,753,000. 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. Cooke & Bieler LP increased its holdings in shares of Janus International Group by 12.7% during the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after acquiring an additional 874,131 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Janus International Group in the 4th quarter worth about $4,530,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Janus International Group in the 3rd quarter worth about $6,813,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Up 4.8%

Shares of Janus International Group stock opened at $5.38 on Friday. The company has a market cap of $747.76 million, a price-to-earnings ratio of 17.37 and a beta of 1.48. The company’s 50 day moving average is $5.24 and its 200 day moving average is $6.01. Janus International Group, Inc. has a twelve month low of $4.26 and a twelve month high of $10.80. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBIGet Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The company had revenue of $222.70 million during the quarter, compared to analysts’ expectations of $219.21 million. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts anticipate that Janus International Group, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. KeyCorp reduced their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. 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 cut Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.33.

Get Our Latest Research Report on Janus International Group

Janus International Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Janus International Group (NYSE:JBI)

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