Cooke & Bieler LP Has $50.66 Million Stake in Janus International Group, Inc. $JBI

Cooke & Bieler LP grew its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,746,357 shares of the company’s stock after acquiring an additional 874,131 shares during the quarter. Cooke & Bieler LP owned 0.06% of Janus International Group worth $50,661,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. ProShare Advisors LLC grew its stake in Janus International Group by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock worth $162,000 after purchasing an additional 1,597 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Janus International Group by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,930 shares of the company’s stock valued at $136,000 after buying an additional 2,171 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Janus International Group by 1.2% during the 3rd quarter. Swiss National Bank now owns 271,300 shares of the company’s stock worth $2,678,000 after buying an additional 3,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Janus International Group by 4.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 77,540 shares of the company’s stock worth $765,000 after buying an additional 3,200 shares during the period. 88.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JBI has been the topic of several research analyst reports. KeyCorp cut their target price on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. UBS Group dropped their price objective on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. Finally, Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.33.

Janus International Group Stock Down 0.1%

Janus International Group stock opened at $5.19 on Tuesday. The firm has a market capitalization of $721.10 million, a price-to-earnings ratio of 16.75 and a beta of 1.49. The firm’s fifty day moving average price is $5.23 and its two-hundred day moving average price is $6.15. 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.

Janus International Group (NYSE:JBI) last posted its 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 return on equity of 12.18% and a net margin of 4.82%.The business had revenue of $222.70 million for the quarter, compared to the consensus estimate of $219.21 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

About Janus International Group

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.