Quantbot Technologies LP Purchases New Shares in JELD-WEN Holding, Inc. (NYSE:JELD)

Quantbot Technologies LP acquired a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the fourth quarter, HoldingsChannel reports. The fund acquired 32,597 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently made changes to their positions in the company. Performa Ltd US LLC lifted its position in JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares in the last quarter. US Bancorp DE raised its stake in shares of JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Royce & Associates LP bought a new position in JELD-WEN in the 4th quarter worth approximately $118,000. Leavell Investment Management Inc. acquired a new position in shares of JELD-WEN during the fourth quarter valued at $123,000. Finally, Vestcor Inc acquired a new position in shares of JELD-WEN during the fourth quarter valued at $134,000. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 3.6 %

Shares of NYSE:JELD opened at $6.05 on Friday. The firm has a market cap of $516.04 million, a price-to-earnings ratio of -2.71 and a beta of 2.22. JELD-WEN Holding, Inc. has a 12 month low of $5.44 and a 12 month high of $21.75. The company’s fifty day simple moving average is $7.29 and its 200 day simple moving average is $10.33. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on JELD shares. UBS Group dropped their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Truist Financial reduced their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, February 19th. Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their price target on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.06.

Insider Transactions at JELD-WEN

In related news, Director Steven E. Wynne purchased 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the completion of the transaction, the director now owns 28,000 shares of the company’s stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Turtle Creek Asset Management purchased 70,000 shares of the stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $5.97 per share, for a total transaction of $417,900.00. Following the transaction, the insider now directly owns 12,485,051 shares in the company, valued at approximately $74,535,754.47. The trade was a 0.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 595,137 shares of company stock valued at $4,137,187 over the last 90 days. 1.24% of the stock is owned by corporate insiders.

JELD-WEN Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.