Janus International Group (NYSE:JBI) Cut to Hold at Wall Street Zen

Janus International Group (NYSE:JBI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

JBI has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 29th. UBS Group dropped their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Zacks Research raised Janus International Group to a “hold” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.17.

Janus International Group Price Performance

JBI stock opened at $7.21 on Friday. Janus International Group has a one year low of $5.72 and a one year high of $10.80. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. The company’s fifty day moving average price is $6.93 and its 200-day moving average price is $8.23. The company has a market capitalization of $1.00 billion, a PE ratio of 21.19 and a beta of 1.49.

Hedge Funds Weigh In On Janus International Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cooke & Bieler LP raised its stake in Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Janus International Group by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock valued at $38,336,000 after buying an additional 92,804 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Janus International Group by 37.5% during the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after buying an additional 1,435,777 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Janus International Group by 10.2% during 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. Finally, Dimensional Fund Advisors LP boosted its position in Janus International Group by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,731,454 shares of the company’s stock worth $24,404,000 after acquiring an additional 76,460 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Company 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.