Allspring Global Investments Holdings LLC Sells 130,302 Shares of Janus International Group, Inc. $JBI

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

A number of other institutional investors and hedge funds have also modified their holdings of JBI. Ophir Asset Management Pty Ltd bought a new position in Janus International Group in the fourth quarter valued at approximately $22,753,000. Wasatch Advisors LP boosted its holdings in 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. Cooke & Bieler LP grew its position in shares of Janus International Group by 12.7% during the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock worth $50,661,000 after buying an additional 874,131 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Janus International Group during the 4th quarter worth about $4,530,000. Finally, Anchor Capital Management Company LLC increased its stake in shares of Janus International Group by 118.0% in the 4th quarter. Anchor Capital Management Company LLC now owns 1,209,226 shares of the company’s stock valued at $7,908,000 after acquiring an additional 654,563 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Price Performance

Shares of NYSE JBI opened at $5.29 on Wednesday. The company has a fifty day moving average price of $5.25 and a 200 day moving average price of $5.82. The firm has a market cap of $735.26 million, a PE ratio of 17.08 and a beta of 1.46. 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, Inc. has a 1-year low of $4.26 and a 1-year high of $10.80.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBI. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. Finally, UBS Group decreased their price target on shares of Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. One investment 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.com, the company presently has an average rating of “Hold” and an average price target of $8.33.

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.