KLP Kapitalforvaltning AS Trims Holdings in Janus International Group, Inc. $JBI

KLP Kapitalforvaltning AS trimmed its stake in Janus International Group, Inc. (NYSE:JBI) by 12.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,200 shares of the company’s stock after selling 4,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Janus International Group were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC raised its stake in shares of Janus International Group by 336.2% in the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after acquiring an additional 3,924 shares during the period. Quarry LP purchased a new stake in shares of Janus International Group in the 1st quarter valued at approximately $43,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Janus International Group in the 1st quarter valued at approximately $72,000. CWM LLC grew its holdings in shares of Janus International Group by 571.1% in 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. Finally, Kendall Capital Management grew its holdings in shares of Janus International Group by 12.7% in the second quarter. Kendall Capital Management now owns 14,975 shares of the company’s stock valued at $122,000 after purchasing an additional 1,685 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $10.07 on Tuesday. The company’s fifty day moving average price is $10.10 and its 200 day moving average price is $8.77. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $10.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. The firm has a market capitalization of $1.40 billion, a P/E ratio of 32.47 and a beta of 1.34.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Monday, March 28th. The company reported $0.24 EPS for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The firm had revenue of $148.59 million for the quarter. As a group, sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on JBI shares. Jefferies Financial Group lifted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. KeyCorp lifted their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, UBS Group boosted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.67.

Janus International Group 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.