Bernzott Capital Advisors Boosts Stake in Janus International Group, Inc. (NYSE:JBI)

Bernzott Capital Advisors lifted its stake in Janus International Group, Inc. (NYSE:JBI) by 32.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,343 shares of the company’s stock after purchasing an additional 171,038 shares during the period. Janus International Group accounts for approximately 3.0% of Bernzott Capital Advisors’ holdings, making the stock its 17th largest position. Bernzott Capital Advisors’ holdings in Janus International Group were worth $7,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Epoch Investment Partners Inc. bought a new position in Janus International Group in the 1st quarter worth $18,954,000. First Eagle Investment Management LLC boosted its holdings in Janus International Group by 18.6% in the 1st quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company’s stock worth $11,182,000 after buying an additional 115,700 shares during the period. Swiss National Bank boosted its holdings in Janus International Group by 19.0% in the 1st quarter. Swiss National Bank now owns 275,500 shares of the company’s stock worth $4,168,000 after buying an additional 44,000 shares during the period. Boston Partners boosted its holdings in Janus International Group by 10.3% in the 1st quarter. Boston Partners now owns 2,867,586 shares of the company’s stock worth $43,112,000 after buying an additional 267,474 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Janus International Group by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Down 30.0 %

Shares of NYSE:JBI traded down $3.09 during trading on Tuesday, reaching $7.22. The company’s stock had a trading volume of 8,664,047 shares, compared to its average volume of 1,935,519. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. Janus International Group, Inc. has a 12 month low of $6.70 and a 12 month high of $15.86. The firm’s 50 day simple moving average is $10.25 and its two-hundred day simple moving average is $12.29. The stock has a market capitalization of $1.05 billion, a PE ratio of 7.71 and a beta of 0.88.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The business had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s revenue was down 17.9% on a year-over-year basis. On average, research analysts predict that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on JBI shares. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. KeyCorp dropped their price objective on shares of Janus International Group from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Jefferies Financial Group dropped their price objective on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Benchmark dropped their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group dropped their price objective on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Janus International Group currently has an average rating of “Moderate Buy” and an average target price of $12.75.

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.