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

William Blair Investment Management LLC lowered its position in shares of Janus International Group, Inc. (NYSE:JBI) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,637,966 shares of the company’s stock after selling 139,274 shares during the quarter. William Blair Investment Management LLC’s holdings in Janus International Group were worth $17,252,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JBI. Russell Investments Group Ltd. raised its position in Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after buying an additional 6,399 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Janus International Group during the 4th quarter worth $71,000. New York State Teachers Retirement System purchased a new position in Janus International Group during the 4th quarter worth $81,000. Inscription Capital LLC purchased a new position in Janus International Group during the 4th quarter worth $85,000. Finally, MQS Management LLC purchased a new position in Janus International Group during the 4th quarter worth $98,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Performance

NYSE:JBI opened at $5.19 on Tuesday. 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, Inc. has a fifty-two week low of $4.26 and a fifty-two week high of $10.80. The stock has a market cap of $721.10 million, a PE ratio of 16.75 and a beta of 1.49. The firm’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $6.15.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $219.21 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts expect that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on JBI. UBS Group cut their price objective 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 shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. Finally, KeyCorp lowered their price target on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.33.

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.