Janus International Group, Inc. $JBI Shares Purchased by Comerica Bank

Comerica Bank increased its position in shares of Janus International Group, Inc. (NYSE:JBI) by 435.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,273 shares of the company’s stock after acquiring an additional 62,032 shares during the period. Comerica Bank owned about 0.05% of Janus International Group worth $549,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC lifted its stake in Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock worth $37,000 after acquiring an additional 3,924 shares in the last quarter. Tower Research Capital LLC TRC raised its position in 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. Group One Trading LLC raised its position in Janus International Group by 9,000.0% in the 4th 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 acquired a new stake in Janus International Group in the 1st quarter valued at about $72,000. Finally, CWM LLC raised its position in Janus International Group by 571.1% in the 1st 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. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBI. KeyCorp increased their price target on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group increased their price target on Janus International Group from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group increased their price target on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Janus International Group has a consensus rating of “Hold” and a consensus target price of $10.67.

Janus International Group Price Performance

Shares of NYSE JBI opened at $10.36 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $10.73. The firm has a market capitalization of $1.44 billion, a PE ratio of 33.40 and a beta of 1.31. The stock’s 50-day simple moving average is $9.44 and its 200-day simple moving average is $8.31.

Janus International Group (NYSE:JBI) last issued its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $228.10 million for the quarter, compared to analyst estimates of $216.99 million. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Janus International Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its board has initiated a share repurchase program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to buy up to 6.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership 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.