William Blair Investment Management LLC Cuts Stake in Janus International Group, Inc. $JBI

William Blair Investment Management LLC reduced its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,637,259 shares of the company’s stock after selling 286,291 shares during the period. William Blair Investment Management LLC’s holdings in Janus International Group were worth $29,607,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Janus International Group by 914.9% during the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock worth $26,163,000 after acquiring an additional 3,275,656 shares during the period. DAVENPORT & Co LLC raised its holdings in Janus International Group by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock valued at $26,109,000 after buying an additional 40,201 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Janus International Group by 5.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock valued at $27,551,000 after buying an additional 174,891 shares during the period. Boston Partners raised its holdings in Janus International Group by 1.1% in the first quarter. Boston Partners now owns 2,209,961 shares of the company’s stock valued at $15,511,000 after buying an additional 23,132 shares during the period. Finally, Royce & Associates LP raised its holdings in Janus International Group by 14.0% in the first quarter. Royce & Associates LP now owns 2,127,169 shares of the company’s stock valued at $15,316,000 after buying an additional 261,116 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Down 0.7%

Shares of NYSE:JBI opened at $9.86 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $10.80. The company has a 50 day moving average of $10.10 and a two-hundred day moving average of $8.75. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 31.79 and a beta of 1.34.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The company had revenue of $148.59 million during the quarter. As a group, analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. Jefferies Financial Group raised their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 20th. Finally, KeyCorp raised their price target on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.67.

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.