Kendall Capital Management Buys 14,960 Shares of Janus International Group, Inc. (NYSE:JBI)

Kendall Capital Management increased its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 78.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,055 shares of the company’s stock after acquiring an additional 14,960 shares during the quarter. Kendall Capital Management’s holdings in Janus International Group were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBI. Charles Schwab Investment Management Inc. raised its stake in shares of Janus International Group by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 711,467 shares of the company’s stock valued at $9,285,000 after buying an additional 18,354 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Janus International Group by 27.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company’s stock valued at $22,637,000 after buying an additional 378,478 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Janus International Group by 288.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 44,826 shares of the company’s stock valued at $585,000 after buying an additional 33,287 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Janus International Group by 16.8% in the 4th quarter. Clearbridge Investments LLC now owns 1,226,249 shares of the company’s stock valued at $16,003,000 after buying an additional 176,110 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Janus International Group by 354.4% in the 4th quarter. Trexquant Investment LP now owns 336,501 shares of the company’s stock valued at $4,391,000 after buying an additional 262,448 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.

Insiders Place Their Bets

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.94% of the company’s stock.

Janus International Group Trading Up 1.0 %

Shares of Janus International Group stock opened at $10.12 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 10.65 and a beta of 0.89. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The company has a 50-day simple moving average of $11.77 and a 200 day simple moving average of $13.23. Janus International Group, Inc. has a 12-month low of $9.16 and a 12-month high of $15.86.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The company had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Research analysts expect that Janus International Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

JBI has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Benchmark dropped their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. KeyCorp dropped their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Finally, UBS Group dropped their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Janus International Group 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.