Axa S.A. Has $490,000 Stock Position in Janus International Group, Inc. (NYSE:JBI)

Axa S.A. cut its stake in Janus International Group, Inc. (NYSE:JBI) by 73.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,768 shares of the company’s stock after selling 108,440 shares during the period. Axa S.A.’s holdings in Janus International Group were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tucker Asset Management LLC acquired a new position in Janus International Group during the fourth quarter worth $35,000. Point72 Hong Kong Ltd bought a new stake in shares of Janus International Group in the 2nd quarter worth about $60,000. Amalgamated Bank increased its position in shares of Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares in the last quarter. Comerica Bank lifted its holdings in Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after purchasing an additional 2,962 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Janus International Group during the 1st quarter valued at about $173,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Performance

JBI stock opened at $9.67 on Wednesday. The stock has a market capitalization of $1.41 billion, a PE ratio of 10.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The company has a 50 day moving average price of $11.17 and a 200 day moving average price of $12.93. Janus International Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.86.

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

Insider Buying and Selling at Janus International Group

In related news, insider Peter Frayser sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.94% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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 report on Thursday, August 8th. Jefferies Financial Group dropped their price target on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. UBS Group reduced their price objective on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Benchmark lowered their target price on 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. Finally, Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.25.

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.