Banque Cantonale Vaudoise Makes New $243,000 Investment in Janus International Group, Inc. (NYSE:JBI)

Banque Cantonale Vaudoise bought a new position in shares of Janus International Group, Inc. (NYSE:JBI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,000 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in Janus International Group by 21.5% during the third 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. Victory Capital Management Inc. raised its position in shares of Janus International Group by 4.0% in the third quarter. Victory Capital Management Inc. now owns 1,392,822 shares of the company’s stock valued at $14,081,000 after buying an additional 53,535 shares during the last quarter. Atria Investments Inc raised its position in shares of Janus International Group by 13.4% in the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after buying an additional 1,643 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Janus International Group in the third quarter valued at approximately $249,000. Finally, Principal Financial Group Inc. raised its position in shares of Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after buying an additional 163,711 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Janus International Group Price Performance

Janus International Group stock opened at $7.41 on Friday. Janus International Group, Inc. has a 1 year low of $6.68 and a 1 year high of $15.86. The firm has a 50 day moving average price of $9.00 and a 200 day moving average price of $11.37. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 10.29 and a beta of 0.92. 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 (NYSE:JBI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same period in the previous year, the company earned $0.27 EPS. Janus International Group’s revenue was down 17.9% on a year-over-year basis. Sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group 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.