Epoch Investment Partners Inc. Lowers Position in Janus International Group, Inc. (NYSE:JBI)

Epoch Investment Partners Inc. trimmed its position in shares of Janus International Group, Inc. (NYSE:JBI) by 30.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867,866 shares of the company’s stock after selling 384,873 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.59% of Janus International Group worth $10,961,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after purchasing an additional 1,817,144 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Janus International Group by 15.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock valued at $76,243,000 after buying an additional 788,000 shares in the last quarter. Cooke & Bieler LP grew its stake in Janus International Group by 33.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock valued at $48,319,000 after acquiring an additional 966,346 shares during the period. Wasatch Advisors LP grew its stake in Janus International Group by 16.1% in the 4th quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock valued at $46,336,000 after acquiring an additional 493,417 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in Janus International Group by 11.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,247,173 shares of the company’s stock worth $49,130,000 after acquiring an additional 345,448 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Down 0.4 %

JBI stock opened at $10.06 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average of $11.59 and a two-hundred day moving average of $13.12. Janus International Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.86. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 10.59 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JBI shares. Jefferies Financial Group dropped their target price 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, September 10th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Benchmark cut their price objective 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. UBS Group decreased their target price on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, KeyCorp lowered their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Transactions at Janus International Group

In other news, insider Peter Frayser sold 15,000 shares of the business’s 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 transaction, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.94% of the company’s stock.

About Janus International Group

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.