Natixis Advisors L.P. Buys 198,472 Shares of Janus International Group, Inc. (NYSE:JBI)

Natixis Advisors L.P. raised its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 38.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 715,388 shares of the company’s stock after purchasing an additional 198,472 shares during the period. Natixis Advisors L.P.’s holdings in Janus International Group were worth $9,335,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in Janus International Group during the fourth quarter valued at about $52,000. Parkside Financial Bank & Trust boosted its stake in shares of Janus International Group by 67.6% in the third quarter. Parkside Financial Bank & Trust now owns 4,326 shares of the company’s stock worth $46,000 after acquiring an additional 1,745 shares during the period. PEAK6 Investments LLC bought a new position in shares of Janus International Group in the third quarter worth about $119,000. M&T Bank Corp bought a new position in shares of Janus International Group in the third quarter worth about $142,000. Finally, Kendall Capital Management bought a new position in Janus International Group during the fourth quarter valued at approximately $176,000. Institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

JBI has been the subject of a number of research reports. Benchmark dropped their price target on 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 initiated coverage on Janus International Group in a research note on Monday, April 15th. They set a “buy” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $13.40 on Thursday. Janus International Group, Inc. has a 52-week low of $8.66 and a 52-week high of $15.86. The stock has a market cap of $1.97 billion, a P/E ratio of 14.57 and a beta of 0.95. The business’s 50 day moving average is $14.63 and its 200 day moving average is $13.19. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17.

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

Insider Buying and Selling

In related news, CEO Ramey Pierce Jackson sold 100,000 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 $1,526,000.00. Following the transaction, the chief executive officer now owns 564,510 shares of the company’s stock, valued at $8,614,422.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Janus International Group news, EVP Morgan Hodges sold 150,000 shares of the stock in a transaction 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 sale, the executive vice president now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 564,510 shares in the company, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Insiders have sold a total of 340,000 shares of company stock valued at $5,189,300 over the last quarter. 42.90% of the stock is owned by corporate insiders.

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.