Fifth Third Bancorp Buys New Position in Janus International Group, Inc. $JBI

Fifth Third Bancorp purchased a new position in Janus International Group, Inc. (NYSE:JBI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 252,564 shares of the company’s stock, valued at approximately $1,301,000.

Several other large investors have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its position in shares of Janus International Group by 60.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 409,282 shares of the company’s stock worth $2,677,000 after purchasing an additional 153,652 shares during the period. First Eagle Investment Management LLC increased its position in shares of Janus International Group by 21.1% during the fourth quarter. First Eagle Investment Management LLC now owns 1,374,346 shares of the company’s stock valued at $8,988,000 after buying an additional 239,665 shares during the period. Villanova Investment Management Co LLC raised its stake in Janus International Group by 71.6% in the fourth quarter. Villanova Investment Management Co LLC now owns 243,665 shares of the company’s stock worth $1,594,000 after buying an additional 101,695 shares in the last quarter. Bernzott Capital Advisors grew its holdings in shares of Janus International Group by 26.2% during the 1st quarter. Bernzott Capital Advisors now owns 1,076,690 shares of the company’s stock worth $5,545,000 after acquiring an additional 223,270 shares during the period. Finally, Comerica Bank grew its holdings in shares of Janus International Group by 107.0% during the 4th quarter. Comerica Bank now owns 232,336 shares of the company’s stock worth $1,519,000 after acquiring an additional 120,108 shares during the period. Institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

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

Janus International Group Trading Up 0.7%

Shares of JBI stock opened at $5.29 on Friday. 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 12-month low of $4.26 and a 12-month high of $10.80. The stock has a market capitalization of $735.26 million, a P/E ratio of 17.08 and a beta of 1.46. The firm’s 50 day moving average is $5.27 and its 200 day moving average is $5.79.

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