35,441 Shares in Janus International Group, Inc. (NYSE:JBI) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Janus International Group, Inc. (NYSE:JBI) during the first quarter, according to its most recent filing with the SEC. The fund purchased 35,441 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of the stock. Federated Hermes Inc. increased its holdings in shares of Janus International Group by 109.3% in 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 last quarter. Tower Research Capital LLC TRC boosted its position in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company’s stock valued at $38,000 after acquiring an additional 1,544 shares during the last quarter. Group One Trading LLC grew its holdings in shares of Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company’s stock valued at $67,000 after purchasing an additional 9,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Janus International Group in the first quarter worth $72,000. Finally, CWM LLC raised its stake in Janus International Group by 571.1% during the first quarter. CWM LLC now owns 11,012 shares of the company’s stock valued at $79,000 after purchasing an additional 9,371 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Janus International Group Price Performance

Shares of Janus International Group stock opened at $8.75 on Tuesday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 25.00 and a beta of 1.25. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59. The stock has a 50 day moving average price of $8.52 and a 200-day moving average price of $7.98. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $13.57.

Janus International Group (NYSE:JBI) last issued its quarterly 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. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The company had revenue of $210.50 million during the quarter, compared to the consensus estimate of $200.73 million. During the same period last year, the company earned $0.21 earnings per share. Janus International Group’s revenue was down 17.3% on a year-over-year basis. Equities analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current year.

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