Dynamic Technology Lab Private Ltd Buys 27,242 Shares of Janus International Group, Inc. (NYSE:JBI)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 55.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,538 shares of the company’s stock after purchasing an additional 27,242 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Janus International Group were worth $774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Janus International Group by 854.2% during the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after purchasing an additional 163,711 shares during the period. Royce & Associates LP boosted its stake in shares of Janus International Group by 21.5% during the 3rd quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock worth $12,381,000 after acquiring an additional 216,382 shares during the last quarter. River Road Asset Management LLC purchased a new position in shares of Janus International Group during the 3rd quarter worth $8,256,000. Boston Partners boosted its stake in shares of Janus International Group by 10.3% during the 1st quarter. Boston Partners now owns 2,867,586 shares of the company’s stock worth $43,112,000 after acquiring an additional 267,474 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Janus International Group by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock worth $203,554,000 after acquiring an additional 1,817,144 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Up 0.4 %

JBI opened at $7.39 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $15.86. The firm’s fifty day moving average is $8.84 and its 200 day moving average is $11.22. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.92.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s quarterly revenue was down 17.9% compared to the same quarter last year. On average, sell-side analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBI. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. UBS Group dropped their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Benchmark dropped their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, KeyCorp dropped their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Company 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.