Russell Investments Group Ltd. Grows Holdings in Janus International Group, Inc. (NYSE:JBI)

Russell Investments Group Ltd. lifted its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,125,590 shares of the company’s stock after purchasing an additional 125,153 shares during the quarter. Russell Investments Group Ltd.’s holdings in Janus International Group were worth $14,689,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Janus International Group by 16.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,177,581 shares of the company’s stock valued at $98,200,000 after purchasing an additional 1,262,994 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Janus International Group by 59.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after buying an additional 2,027,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Janus International Group by 25.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,260,295 shares of the company’s stock valued at $55,597,000 after acquiring an additional 873,130 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Janus International Group by 8.8% during the 4th quarter. DAVENPORT & Co LLC now owns 2,901,725 shares of the company’s stock valued at $38,012,000 after purchasing an additional 233,654 shares in the last quarter. Finally, Boston Partners increased its position in shares of Janus International Group by 78.3% during the third quarter. Boston Partners now owns 2,671,021 shares of the company’s stock worth $27,950,000 after acquiring an additional 1,173,128 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ramey Pierce Jackson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $1,526,000.00. Following the completion of the sale, the chief executive officer now directly owns 564,510 shares of the company’s stock, valued at approximately $8,614,422.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Ramey Pierce Jackson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the transaction, the chief executive officer now owns 564,510 shares in the company, valued at approximately $8,614,422.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Morgan Hodges sold 150,000 shares of Janus International Group stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the completion of the transaction, the executive vice president now owns 203,865 shares in the company, valued at approximately $3,110,979.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,000 shares of company stock worth $5,189,300. 42.90% of the stock is owned by company insiders.

Janus International Group Stock Performance

Shares of JBI stock opened at $13.78 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average of $14.71 and a two-hundred day moving average of $13.07. The company has a market cap of $2.02 billion, a P/E ratio of 14.98 and a beta of 0.95. Janus International Group, Inc. has a 52 week low of $8.66 and a 52 week high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $263.70 million during the quarter, compared to analyst estimates of $284.01 million. Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, analysts anticipate that Janus International Group, Inc. will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

JBI has been the subject of a number of research analyst reports. Benchmark dropped their price target on shares of Janus International Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Jefferies Financial Group began coverage on Janus International Group in a research report on Monday, April 15th. They set a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.30.

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.