Janus International Group, Inc. $JBI Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its position in shares of Janus International Group, Inc. (NYSE:JBI) by 15.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 577,695 shares of the company’s stock after selling 105,744 shares during the period. Lazard Asset Management LLC’s holdings in Janus International Group were worth $2,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JBI. Sei Investments Co. increased its stake in Janus International Group by 83.3% during the first quarter. Sei Investments Co. now owns 517,883 shares of the company’s stock valued at $2,667,000 after purchasing an additional 235,331 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Janus International Group by 155.8% in the 1st quarter. First Trust Advisors LP now owns 415,351 shares of the company’s stock valued at $2,139,000 after buying an additional 252,972 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Janus International Group by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after buying an additional 474,205 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Janus International Group by 902.4% during the first quarter. Sanctuary Advisors LLC now owns 109,427 shares of the company’s stock worth $564,000 after acquiring an additional 98,511 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Janus International Group by 60.1% during the first quarter. Principal Financial Group Inc. now owns 215,143 shares of the company’s stock worth $1,108,000 after acquiring an additional 80,794 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. Finally, UBS Group dropped their price target on Janus International Group from $7.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Janus International Group has an average rating of “Hold” and an average target price of $8.33.

Janus International Group Stock Performance

Shares of JBI opened at $5.12 on Friday. Janus International Group, Inc. has a 1 year low of $4.26 and a 1 year high of $10.80. The company has a market cap of $711.66 million, a price-to-earnings ratio of 16.53 and a beta of 1.46. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.19 and a current ratio of 2.65. The firm has a fifty day moving average of $5.29 and a 200-day moving average of $5.74.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a return on equity of 12.18% and a net margin of 4.82%.The firm had revenue of $222.70 million for the quarter, compared to the consensus estimate of $219.21 million. During the same quarter in the prior year, the company posted $0.13 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

About Janus International Group

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.