Envestnet Asset Management Inc. Grows Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Envestnet Asset Management Inc. raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,644 shares of the company’s stock after acquiring an additional 8,660 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Janus International Group worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in JBI. Barclays PLC raised its stake in shares of Janus International Group by 216.2% during the 3rd quarter. Barclays PLC now owns 235,897 shares of the company’s stock valued at $2,385,000 after purchasing an additional 161,290 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Janus International Group during the 3rd quarter valued at about $255,000. Principal Financial Group Inc. grew its holdings in Janus International Group by 854.2% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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. Finally, Bernzott Capital Advisors lifted its holdings in shares of Janus International Group by 39.0% in the fourth quarter. Bernzott Capital Advisors now owns 963,823 shares of the company’s stock worth $7,084,000 after buying an additional 270,480 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Price Performance

Janus International Group stock opened at $6.98 on Friday. The business has a 50-day simple moving average of $7.35 and a 200 day simple moving average of $7.71. Janus International Group, Inc. has a 52 week low of $5.99 and a 52 week high of $15.24. The stock has a market cap of $978.67 million, a price-to-earnings ratio of 9.69 and a beta of 1.09. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Analyst Upgrades and Downgrades

Separately, KeyCorp reduced their price objective on shares of Janus International Group from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.75.

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.