Allspring Global Investments Holdings LLC Has $14.47 Million Position in Janus International Group, Inc. $JBI

Allspring Global Investments Holdings LLC lessened its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,858,971 shares of the company’s stock after selling 130,302 shares during the period. Allspring Global Investments Holdings LLC owned 2.06% of Janus International Group worth $14,466,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP grew 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 buying an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. increased its position in Janus International Group by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock worth $38,336,000 after buying an additional 92,804 shares during the period. Wasatch Advisors LP lifted its holdings 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 worth $51,940,000 after buying an additional 1,435,777 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Janus International Group by 2.1% in the fourth quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock worth $29,874,000 after acquiring an additional 95,032 shares during the last quarter. Finally, Ameriprise Financial Inc. grew 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 worth $33,402,000 after acquiring an additional 381,462 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Up 0.5%

JBI stock opened at $5.29 on Wednesday. Janus International Group, Inc. has a 1-year low of $4.26 and a 1-year high of $10.80. The company has a current ratio of 2.65, a quick ratio of 2.19 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $5.25 and its 200-day moving average is $5.82. The firm has a market cap of $735.26 million, a P/E ratio of 17.08 and a beta of 1.46.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a net margin of 4.82% and a return on equity of 12.18%. The company had revenue of $222.70 million during the quarter, compared to analyst estimates of $219.21 million. During the same period in the prior year, the firm earned $0.13 EPS. Janus International Group’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on JBI. UBS Group cut their target price on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.33.

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.