CenterBook Partners LP Purchases Shares of 416,517 Janus International Group, Inc. $JBI

CenterBook Partners LP purchased a new stake in shares of Janus International Group, Inc. (NYSE:JBI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 416,517 shares of the company’s stock, valued at approximately $2,724,000. CenterBook Partners LP owned about 0.30% of Janus International Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cooke & Bieler LP raised its position in Janus International Group by 12.7% during the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares during the last quarter. JPMorgan Chase & Co. raised its position in Janus International Group by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock valued at $38,336,000 after purchasing an additional 92,804 shares during the last quarter. Wasatch Advisors LP raised its position in Janus International Group by 37.5% during the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,435,777 shares during the last quarter. Ameriprise Financial Inc. raised its position in Janus International Group by 10.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after purchasing an additional 381,462 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Janus International Group by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company’s stock valued at $36,075,000 after purchasing an additional 48,890 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

JBI has been the subject of a number of recent analyst reports. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. KeyCorp decreased their target price on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, UBS Group decreased their target price on Janus International Group from $7.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.33.

Janus International Group Stock Down 3.0%

Shares of NYSE:JBI opened at $4.95 on Tuesday. Janus International Group, Inc. has a 52-week low of $4.26 and a 52-week high of $10.80. The firm has a market capitalization of $686.66 million, a P/E ratio of 15.95 and a beta of 1.48. The stock has a 50 day moving average price of $5.20 and a 200-day moving average price of $6.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65.

Janus International Group (NYSE:JBI) last announced its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (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 firm had revenue of $222.70 million during the quarter, compared to the consensus estimate of $219.21 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Janus International Group, Inc. will post 0.5 EPS for the current fiscal year.

Janus International Group 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.