Janus International Group, Inc. (NYSE:JBI) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its position in shares of Janus International Group, Inc. (NYSE:JBI) by 39.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,305,877 shares of the company’s stock after purchasing an additional 372,592 shares during the quarter. Glenmede Trust Co. NA owned 0.93% of Janus International Group worth $13,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JBI. Sage Mountain Advisors LLC grew its position in Janus International Group by 4.5% during the second quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after buying an additional 990 shares during the period. Atria Investments Inc increased its stake in shares of Janus International Group by 13.4% in the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after purchasing an additional 1,643 shares in the last quarter. Amalgamated Bank raised its holdings in Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after purchasing an additional 2,074 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock worth $368,000 after purchasing an additional 2,799 shares in the last quarter. Finally, Comerica Bank grew its holdings in Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after purchasing an additional 2,962 shares during the period. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JBI. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp decreased their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. 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. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, UBS Group lowered their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Price Performance

Janus International Group stock opened at $7.39 on Friday. The company has a fifty day simple moving average of $8.84 and a 200-day simple moving average of $11.22. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.26 and a beta of 0.92. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86.

Janus International Group (NYSE:JBI) last announced 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 net margin of 10.62% and a return on equity of 21.10%. The business had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue was down 17.9% on a year-over-year basis. On average, equities analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

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.