Teacher Retirement System of Texas Raises Stock Holdings in Janus International Group, Inc. $JBI

Teacher Retirement System of Texas raised its stake in Janus International Group, Inc. (NYSE:JBI) by 117.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 779,309 shares of the company’s stock after buying an additional 421,205 shares during the quarter. Teacher Retirement System of Texas’ holdings in Janus International Group were worth $7,692,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of Janus International Group by 214.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,418 shares of the company’s stock valued at $11,888,000 after acquiring an additional 996,185 shares during the period. Invesco Ltd. increased its holdings in Janus International Group by 35.8% in the 2nd quarter. Invesco Ltd. now owns 2,296,001 shares of the company’s stock valued at $18,689,000 after purchasing an additional 605,262 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Janus International Group in the second quarter valued at approximately $4,728,000. Boston Partners lifted its stake in Janus International Group by 20.4% during the second quarter. Boston Partners now owns 2,660,527 shares of the company’s stock worth $21,978,000 after purchasing an additional 450,566 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Janus International Group by 10.2% during the second quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock worth $33,402,000 after purchasing an additional 381,462 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

Shares of JBI opened at $7.03 on Monday. The stock has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $8.48. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.57 and a current ratio of 3.03. The stock has a market capitalization of $975.35 million, a PE ratio of 20.67 and a beta of 1.44. Janus International Group, Inc. has a 1 year low of $5.72 and a 1 year high of $10.80.

Janus International Group (NYSE:JBI) last released its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $219.30 million for the quarter, compared to analysts’ expectations of $225.72 million. Janus International Group had a return on equity of 14.18% and a net margin of 5.29%.The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JBI shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. UBS Group dropped their target price on Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, November 7th. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Zacks Research raised shares of Janus International Group to a “hold” rating in a research report on Monday, December 15th. 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 stock. According to MarketBeat.com, Janus International Group currently has an average rating of “Hold” and an average price target of $10.17.

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.