Comerica Bank Has $105,000 Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Comerica Bank grew its holdings in Janus International Group, Inc. (NYSE:JBI) by 103.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,241 shares of the company’s stock after buying an additional 7,241 shares during the quarter. Comerica Bank’s holdings in Janus International Group were worth $105,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company’s stock valued at $38,000 after buying an additional 1,544 shares in the last quarter. LPL Financial LLC lifted its position in Janus International Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company’s stock worth $263,000 after purchasing an additional 1,839 shares during the period. Federated Hermes Inc. lifted its position in Janus International Group by 109.3% during the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock worth $35,000 after purchasing an additional 2,506 shares during the period. Applied Fundamental Research LLC lifted its holdings in shares of Janus International Group by 0.4% in the fourth quarter. Applied Fundamental Research LLC now owns 790,594 shares of the company’s stock worth $5,811,000 after acquiring an additional 2,877 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company’s stock worth $41,000 after acquiring an additional 2,918 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analysts Set New Price Targets

Separately, KeyCorp raised their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Janus International Group Trading Up 3.0%

NYSE JBI opened at $8.87 on Monday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.31 and a beta of 1.20. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The business’s fifty day moving average is $7.29 and its 200-day moving average is $7.57.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $200.73 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Equities research analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.