Janus International Group, Inc. (NYSE:JBI) is Bernzott Capital Advisors’ 6th Largest Position

Bernzott Capital Advisors raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 963,823 shares of the company’s stock after buying an additional 270,480 shares during the period. Janus International Group comprises approximately 3.5% of Bernzott Capital Advisors’ portfolio, making the stock its 6th largest position. Bernzott Capital Advisors’ holdings in Janus International Group were worth $7,084,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Janus International Group by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 7,125,266 shares of the company’s stock valued at $72,036,000 after buying an additional 435,721 shares during the period. Principal Financial Group Inc. boosted its position in Janus International Group by 854.2% during the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after buying an additional 163,711 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Janus International Group during the third quarter valued at about $255,000. Geode Capital Management LLC boosted its position in Janus International Group by 21.9% during the third quarter. Geode Capital Management LLC now owns 3,215,210 shares of the company’s stock valued at $32,512,000 after buying an additional 577,315 shares during the period. Finally, Barclays PLC boosted its position in Janus International Group by 216.2% during the third quarter. Barclays PLC now owns 235,897 shares of the company’s stock valued at $2,385,000 after buying an additional 161,290 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group cut their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Finally, KeyCorp lowered their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Janus International Group Stock Performance

Shares of NYSE:JBI opened at $7.22 on Friday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.03 and a beta of 0.91. The company has a 50-day moving average price of $7.44 and a 200-day moving average price of $9.73. 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, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) 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 company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the previous year, the company earned $0.27 earnings per share. Janus International Group’s quarterly revenue was down 17.9% on a year-over-year basis. As a group, equities analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group 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.