Bank of New York Mellon Corp Purchases 203,893 Shares of Janus International Group, Inc. (NYSE:JBI)

Bank of New York Mellon Corp increased its position in Janus International Group, Inc. (NYSE:JBI) by 55.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 574,673 shares of the company’s stock after buying an additional 203,893 shares during the period. Bank of New York Mellon Corp owned about 0.39% of Janus International Group worth $7,258,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Tucker Asset Management LLC purchased a new stake in Janus International Group in the 4th quarter worth $35,000. Comerica Bank boosted its stake in Janus International Group by 78.8% during 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 last quarter. Principal Financial Group Inc. purchased a new position in Janus International Group during the 1st quarter valued at approximately $173,000. Saxon Interests Inc. purchased a new stake in shares of Janus International Group during the 1st quarter worth approximately $189,000. Finally, ProShare Advisors LLC boosted its position in shares of Janus International Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock valued at $231,000 after acquiring an additional 1,201 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Down 0.1 %

NYSE JBI opened at $9.73 on Thursday. Janus International Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.86. The company’s 50-day moving average price is $12.01 and its 200-day moving average price is $13.39. The stock has a market cap of $1.42 billion, a PE ratio of 10.24 and a beta of 0.89. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The company had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Equities research analysts forecast that Janus International Group, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBI. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. KeyCorp decreased their price objective on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Benchmark dropped their target price on 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 lowered their price target on 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. Finally, Jefferies Financial Group cut their price objective on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Insiders Place Their Bets

In related news, insider Peter Frayser sold 15,000 shares of Janus International Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the sale, the insider now directly owns 217,805 shares in the company, valued at $3,267,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.94% of the company’s stock.

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.