Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,309 Shares of Janus International Group, Inc. (NYSE:JBI)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,833 shares of the company’s stock after purchasing an additional 3,309 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Janus International Group were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JBI. Mutual of America Capital Management LLC raised its stake in Janus International Group by 53.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 248,767 shares of the company’s stock valued at $3,246,000 after purchasing an additional 87,047 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Janus International Group during the 4th quarter worth $176,000. Allspring Global Investments Holdings LLC grew its position in 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 worth $71,263,000 after acquiring an additional 2,027,286 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Janus International Group by 16.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 18,101 shares of the company’s stock valued at $237,000 after purchasing an additional 2,572 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Down 0.1 %

Shares of Janus International Group stock opened at $13.78 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.38 and a current ratio of 2.66. Janus International Group, Inc. has a 52-week low of $8.66 and a 52-week high of $15.86. The company’s 50 day moving average price is $14.68 and its 200-day moving average price is $13.14. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.98 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JBI shares. Jefferies Financial Group began coverage on Janus International Group in a report on Monday, April 15th. They issued a “buy” rating and a $20.00 price objective for the company. Benchmark reduced their target price on shares of Janus International Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.30.

Insider Buying and Selling

In other Janus International Group news, EVP Morgan Hodges sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $2,289,000.00. Following the completion of the sale, the executive vice president now owns 203,865 shares in the company, valued at approximately $3,110,979.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Janus International Group news, EVP Morgan Hodges sold 150,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the transaction, the executive vice president now directly owns 203,865 shares of the company’s stock, valued at approximately $3,110,979.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Norman V. Nettie sold 90,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the transaction, the vice president now owns 285,786 shares of the company’s stock, valued at $4,363,952.22. The disclosure for this sale can be found here. Insiders have sold 340,000 shares of company stock valued at $5,189,300 over the last ninety days. 42.90% of the stock is owned by insiders.

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.