Janus International Group, Inc. (NYSE:JBI) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 308.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,802 shares of the company’s stock after buying an additional 152,370 shares during the period. D. E. Shaw & Co. Inc. owned about 0.14% of Janus International Group worth $1,483,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its holdings 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 acquiring an additional 2,506 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company’s stock valued at $38,000 after purchasing an additional 1,544 shares in the last quarter. US Bancorp DE lifted its stake 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 valued at $41,000 after purchasing an additional 2,918 shares during the period. KBC Group NV boosted 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 in the last quarter. Finally, Xponance Inc. purchased a new stake in Janus International Group during the fourth quarter worth about $74,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Janus International Group Trading Down 0.4%

Shares of JBI stock opened at $8.24 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of 11.44 and a beta of 1.20. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $15.24. The business has a fifty day simple moving average of $7.32 and a 200-day simple moving average of $7.60.

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

Janus International Group declared that its board has initiated a share buyback plan on Thursday, May 15th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

About Janus International Group

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.