Franklin Resources Inc. Has $188,000 Position in Janus International Group, Inc. (NYSE:JBI)

Franklin Resources Inc. trimmed its position in Janus International Group, Inc. (NYSE:JBI) by 91.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,436 shares of the company’s stock after selling 210,236 shares during the period. Franklin Resources Inc.’s holdings in Janus International Group were worth $188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JBI. Bank of New York Mellon Corp lifted its holdings in Janus International Group by 55.0% during the second quarter. Bank of New York Mellon Corp now owns 574,673 shares of the company’s stock worth $7,258,000 after acquiring an additional 203,893 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Janus International Group by 24.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,266 shares of the company’s stock valued at $344,000 after purchasing an additional 5,433 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Janus International Group by 67.8% in the 2nd quarter. Principal Financial Group Inc. now owns 19,165 shares of the company’s stock valued at $242,000 after purchasing an additional 7,741 shares during the period. Natixis Advisors LLC increased its stake in Janus International Group by 3.5% during the 2nd quarter. Natixis Advisors LLC now owns 1,083,722 shares of the company’s stock worth $13,687,000 after purchasing an additional 36,570 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Janus International Group by 59.8% during the 2nd quarter. Rhumbline Advisers now owns 181,340 shares of the company’s stock worth $2,290,000 after buying an additional 67,841 shares during the period. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Performance

Shares of JBI opened at $7.39 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.91. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86. The firm has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $10.11. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business 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 prior year, the company earned $0.27 earnings per share. Research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBI. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a report on Monday, November 4th. UBS Group reduced their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, KeyCorp dropped their price target on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.