Wells Fargo & Company MN Purchases 22,310 Shares of Janus International Group, Inc. (NYSE:JBI)

Wells Fargo & Company MN increased its holdings in Janus International Group, Inc. (NYSE:JBI) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,580 shares of the company’s stock after acquiring an additional 22,310 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Janus International Group worth $578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBI. US Bancorp DE lifted its position in shares of Janus International Group by 108.8% in the 4th quarter. US Bancorp DE now owns 5,601 shares of the company’s stock worth $41,000 after purchasing an additional 2,918 shares during the period. KBC Group NV lifted its holdings in Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company’s stock worth $65,000 after buying an additional 4,496 shares during the period. Xponance Inc. bought a new stake in Janus International Group during the 4th quarter valued at $74,000. Entropy Technologies LP bought a new stake in Janus International Group during the 4th quarter valued at $76,000. Finally, Cibc World Markets Corp purchased a new position in shares of Janus International Group in the 4th quarter valued at $98,000. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Stock Performance

Shares of JBI opened at $7.29 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.02 billion, a PE ratio of 10.13 and a beta of 1.09. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The stock has a fifty day moving average price of $7.33 and a 200-day moving average price of $7.69.

Wall Street Analyst Weigh In

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

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.