JPMorgan Chase & Co. Reduces Stock Holdings in Janus International Group, Inc. $JBI

JPMorgan Chase & Co. reduced its position in shares of Janus International Group, Inc. (NYSE:JBI) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,768,948 shares of the company’s stock after selling 1,524,410 shares during the period. JPMorgan Chase & Co.’s holdings in Janus International Group were worth $56,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JBI. CIBC Bancorp USA Inc. acquired a new stake in shares of Janus International Group during the 3rd quarter worth approximately $143,000. Danske Bank A S purchased a new position in Janus International Group in the third quarter worth approximately $4,917,000. Wasatch Advisors LP increased its stake in Janus International Group by 37.5% during 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. Verition Fund Management LLC raised its position in Janus International Group by 6.9% in the third quarter. Verition Fund Management LLC now owns 86,180 shares of the company’s stock valued at $851,000 after purchasing an additional 5,597 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Janus International Group in the 3rd quarter valued at $1,058,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Trading Down 1.6%

Shares of NYSE JBI opened at $5.38 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $746.37 million, a PE ratio of 13.78 and a beta of 1.47. Janus International Group, Inc. has a twelve month low of $4.94 and a twelve month high of $10.80. The stock has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $7.70.

Janus International Group (NYSE:JBI) last posted its earnings results on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The firm had revenue of $226.30 million for the quarter, compared to analyst estimates of $217.45 million. During the same period in the previous year, the company posted $0.57 EPS. Janus International Group’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JBI shares. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. KeyCorp lowered their target price 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Janus International Group to a “hold” rating in a research note on Monday, December 15th. One research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.17.

Janus International Group Company Profile

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.