Strs Ohio Takes $745,000 Position in Janus International Group, Inc. $JBI

Strs Ohio purchased a new stake in Janus International Group, Inc. (NYSE:JBI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 75,500 shares of the company’s stock, valued at approximately $745,000. Strs Ohio owned approximately 0.05% of Janus International Group at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JBI. Ameriprise Financial Inc. increased its stake in shares of Janus International Group by 10.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after buying an additional 381,462 shares during the period. Wasatch Advisors LP boosted its holdings in Janus International Group by 7.2% in the second quarter. Wasatch Advisors LP now owns 3,826,628 shares of the company’s stock valued at $31,149,000 after acquiring an additional 256,333 shares during the last quarter. Geode Capital Management LLC increased its position in Janus International Group by 0.6% in the second quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock worth $26,355,000 after purchasing an additional 18,704 shares during the period. DAVENPORT & Co LLC raised its holdings in Janus International Group by 1.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock worth $26,109,000 after purchasing an additional 40,201 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Janus International Group by 5.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock valued at $27,551,000 after purchasing an additional 174,891 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research upgraded Janus International Group to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Finally, UBS Group cut their target price on Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.17.

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $6.84 on Thursday. The stock’s fifty day simple moving average is $6.64 and its 200 day simple moving average is $8.43. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $948.83 million, a PE ratio of 20.10 and a beta of 1.44. Janus International Group, Inc. has a 12 month low of $5.72 and a 12 month high of $10.80.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.The business had revenue of $219.30 million during the quarter, compared to the consensus estimate of $225.72 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

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.