Wedge Capital Management L L P NC Increases Stake in Janus International Group, Inc. $JBI

Wedge Capital Management L L P NC boosted its stake in Janus International Group, Inc. (NYSE:JBI) by 60.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 409,282 shares of the company’s stock after buying an additional 153,652 shares during the period. Wedge Capital Management L L P NC’s holdings in Janus International Group were worth $2,677,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after acquiring an additional 6,399 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Janus International Group in the 3rd quarter valued at approximately $70,000. BNP Paribas Financial Markets lifted its stake in shares of Janus International Group by 37.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock valued at $109,000 after purchasing an additional 3,637 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Janus International Group during the third quarter valued at approximately $127,000. Finally, Wealth Enhancement Advisory Services LLC grew 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 worth $136,000 after purchasing an additional 2,171 shares during the period. 88.78% of the stock is owned by institutional investors.

Janus International Group Stock Performance

Shares of JBI stock opened at $5.02 on Monday. The company has a market capitalization of $696.38 million, a price-to-earnings ratio of 12.86 and a beta of 1.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54. Janus International Group, Inc. has a one year low of $4.94 and a one year high of $10.80. The company’s 50-day moving average is $6.46 and its 200 day moving average is $7.46.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $226.30 million during the quarter, compared to analysts’ expectations of $217.45 million. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Sell-side analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JBI has been the topic of a number of recent research reports. Zacks Research raised shares of Janus International Group to a “hold” rating in a research report on Monday, December 15th. KeyCorp dropped their price objective 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. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a report on Friday. Finally, Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.17.

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.