Comerica Bank Buys 120,108 Shares of Janus International Group, Inc. $JBI

Comerica Bank grew its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 107.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,336 shares of the company’s stock after buying an additional 120,108 shares during the period. Comerica Bank’s holdings in Janus International Group were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Janus International Group by 18.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,930 shares of the company’s stock valued at $136,000 after buying an additional 2,171 shares during the period. Swiss National Bank increased its position in shares of Janus International Group by 1.2% during the third quarter. Swiss National Bank now owns 271,300 shares of the company’s stock valued at $2,678,000 after buying an additional 3,100 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Janus International Group by 4.3% during the third quarter. Envestnet Asset Management Inc. now owns 77,540 shares of the company’s stock valued at $765,000 after buying an additional 3,200 shares during the period. Mariner LLC increased its position in shares of Janus International Group by 9.0% in the third quarter. Mariner LLC now owns 39,902 shares of the company’s stock worth $394,000 after purchasing an additional 3,307 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock worth $109,000 after purchasing an additional 3,637 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Stock Down 1.1%

JBI stock opened at $5.24 on Friday. The company has a current ratio of 3.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $5.51 and its 200 day moving average is $6.57. The stock has a market cap of $727.77 million, a price-to-earnings ratio of 13.44 and a beta of 1.49. Janus International Group, Inc. has a 1-year low of $4.74 and a 1-year high of $10.80.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The company had revenue of $226.30 million during the quarter, compared to the consensus estimate of $217.45 million. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Sell-side analysts predict that Janus International Group, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JBI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Finally, KeyCorp decreased 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 report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Janus International Group currently has an average rating of “Hold” and an average target price 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.