State Street Corp Buys 244,322 Shares of Janus International Group, Inc. (NYSE:JBI)

State Street Corp boosted its stake in Janus International Group, Inc. (NYSE:JBI) by 9.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827,183 shares of the company’s stock after purchasing an additional 244,322 shares during the quarter. State Street Corp owned about 2.00% of Janus International Group worth $28,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of JBI. FMR LLC raised its position in shares of Janus International Group by 8.4% during the 3rd quarter. FMR LLC now owns 8,316,295 shares of the company’s stock valued at $84,078,000 after buying an additional 646,078 shares in the last quarter. Wasatch Advisors LP increased its stake in Janus International Group by 30.0% in the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock valued at $47,417,000 after acquiring an additional 1,081,828 shares during the last quarter. Janus Henderson Group PLC raised its position in Janus International Group by 9.2% during the third quarter. Janus Henderson Group PLC now owns 4,118,635 shares of the company’s stock valued at $41,639,000 after purchasing an additional 345,553 shares in the last quarter. Cooke & Bieler LP lifted its stake in Janus International Group by 33.8% during the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after purchasing an additional 966,346 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Janus International Group by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,329,114 shares of the company’s stock worth $29,419,000 after purchasing an additional 290,764 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JBI shares. KeyCorp decreased their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. Finally, UBS Group cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.25.

Janus International Group Price Performance

JBI opened at $7.63 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $10.47. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.60 and a beta of 0.91. Janus International Group, Inc. has a 1 year low of $6.68 and a 1 year high of $15.86.

Janus International Group (NYSE:JBI) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. As a group, analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

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.