Pacer Advisors Inc. Decreases Position in Janus International Group, Inc. $JBI

Pacer Advisors Inc. decreased its position in Janus International Group, Inc. (NYSE:JBI) by 30.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 740,672 shares of the company’s stock after selling 317,277 shares during the period. Pacer Advisors Inc. owned about 0.53% of Janus International Group worth $7,310,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Janus International Group by 10.2% in the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after buying an additional 381,462 shares during the period. Wasatch Advisors LP raised its stake in Janus International Group by 7.2% in the 2nd quarter. Wasatch Advisors LP now owns 3,826,628 shares of the company’s stock valued at $31,149,000 after acquiring an additional 256,333 shares during the period. Geode Capital Management LLC lifted its holdings in Janus International Group by 0.6% during the second quarter. Geode Capital Management LLC now owns 3,237,347 shares of the company’s stock valued at $26,355,000 after purchasing an additional 18,704 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Janus International Group by 1.3% during the second quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock worth $26,109,000 after purchasing an additional 40,201 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Janus International Group by 5.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock worth $27,551,000 after purchasing an additional 174,891 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBI has been the topic of a number of recent research reports. UBS Group dropped their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Zacks Research upgraded Janus International Group to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 22nd. Finally, Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.17.

Janus International Group Trading Up 0.4%

Janus International Group stock opened at $6.77 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. Janus International Group, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $10.80. The stock has a market cap of $939.12 million, a P/E ratio of 19.90 and a beta of 1.45. The firm’s fifty day moving average price is $7.28 and its 200-day moving average price is $8.69.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $148.59 million during the quarter. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%. Equities research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.