Franklin Resources Inc. Makes New $745,000 Investment in Janus International Group, Inc. $JBI

Franklin Resources Inc. bought a new stake in shares of Janus International Group, Inc. (NYSE:JBI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 91,503 shares of the company’s stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also modified their holdings of JBI. AlphaQuest LLC grew its holdings in shares of Janus International Group by 336.2% during the first quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after buying an additional 3,924 shares in the last quarter. Quarry LP acquired a new stake in Janus International Group during the 1st quarter worth about $43,000. Wealth Enhancement Advisory Services LLC boosted its position in Janus International Group by 17.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock worth $106,000 after acquiring an additional 1,754 shares during the period. CWM LLC grew its stake in Janus International Group by 31.4% during the 2nd quarter. CWM LLC now owns 14,471 shares of the company’s stock valued at $118,000 after acquiring an additional 3,459 shares in the last quarter. Finally, Kendall Capital Management increased its holdings in shares of Janus International Group by 12.7% in the 2nd 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 during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Price Performance

Shares of JBI opened at $6.13 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. The firm has a market cap of $850.27 million, a PE ratio of 18.02 and a beta of 1.45. The firm’s 50 day moving average price is $8.22 and its 200 day moving average price is $8.85. Janus International Group, Inc. has a twelve month low of $5.72 and a twelve month high of $10.80.

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

Analyst Upgrades and Downgrades

JBI has been the subject of several research reports. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a research report on Monday, December 1st. Jefferies Financial Group boosted their price target 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. Finally, 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. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.17.

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.