Intech Investment Management LLC Invests $351,000 in Janus International Group, Inc. (NYSE:JBI)

Intech Investment Management LLC purchased a new position in shares of Janus International Group, Inc. (NYSE:JBI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 34,688 shares of the company’s stock, valued at approximately $351,000.

Several other institutional investors also recently modified their holdings of JBI. Sage Mountain Advisors LLC grew its holdings in Janus International Group by 4.5% during the second quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after purchasing an additional 990 shares during the period. Atria Investments Inc boosted its holdings in shares of Janus International Group by 13.4% in the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after buying an additional 1,643 shares during the period. Amalgamated Bank boosted its holdings in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Janus International Group by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock valued at $368,000 after buying an additional 2,799 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after buying an additional 2,962 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Trading Up 2.5 %

Shares of Janus International Group stock opened at $7.74 on Wednesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.75 and a beta of 0.91. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a 12-month low of $6.68 and a 12-month high of $15.86. The firm’s 50-day moving average price is $8.68 and its two-hundred day moving average price is $11.06.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The firm had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBI shares. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group cut their price objective on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Finally, KeyCorp dropped their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Janus International Group has an average rating of “Hold” and an average target price of $10.25.

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.