JPMorgan Chase & Co. Has $72.04 Million Holdings in Janus International Group, Inc. (NYSE:JBI)

JPMorgan Chase & Co. boosted its holdings in Janus International Group, Inc. (NYSE:JBI) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,125,266 shares of the company’s stock after purchasing an additional 435,721 shares during the period. JPMorgan Chase & Co. owned about 5.05% of Janus International Group worth $72,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBI. FMR LLC boosted its holdings in shares of Janus International Group by 8.4% in 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 during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Janus International Group by 30.0% during the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock worth $47,417,000 after acquiring an additional 1,081,828 shares during the period. Wellington Management Group LLP boosted its stake in Janus International Group by 47.8% in the 3rd quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock valued at $44,144,000 after purchasing an additional 1,411,802 shares during the period. Janus Henderson Group PLC boosted its position in shares of Janus International Group by 9.2% in the third quarter. Janus Henderson Group PLC now owns 4,118,635 shares of the company’s stock valued at $41,639,000 after acquiring an additional 345,553 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Janus International Group by 21.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,215,210 shares of the company’s stock valued at $32,512,000 after purchasing an additional 577,315 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Trading Up 2.4 %

Shares of JBI stock opened at $7.57 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $15.86. The company has a market cap of $1.07 billion, a PE ratio of 10.51 and a beta of 0.91. The stock’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $10.07.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $248.21 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was down 17.9% on a year-over-year basis. Equities analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. KeyCorp dropped their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group reduced their target price on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report 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, the stock has an average rating of “Hold” and an average target price of $10.25.

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.