Janus International Group, Inc. (NYSE:JBI) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its holdings in Janus International Group, Inc. (NYSE:JBI) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,898,245 shares of the company’s stock after selling 138,485 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Janus International Group were worth $59,632,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBI. Vanguard Group Inc. raised its position in shares of Janus International Group by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of Janus International Group by 33.8% during the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after buying an additional 966,346 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Janus International Group by 2.8% during the first quarter. Janus Henderson Group PLC now owns 2,947,508 shares of the company’s stock valued at $44,595,000 after buying an additional 80,362 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in shares of Janus International Group in the 1st quarter valued at $44,026,000. Finally, Boston Partners raised its stake in Janus International Group by 10.3% in the 1st quarter. Boston Partners now owns 2,867,586 shares of the company’s stock worth $43,112,000 after acquiring an additional 267,474 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Benchmark decreased their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $12.00 to $7.50 in a report 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 for the company in a research note on Wednesday, October 30th. Finally, UBS Group dropped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Janus International Group has an average rating of “Hold” and an average price target of $10.25.

Janus International Group Stock Down 1.4 %

Shares of JBI opened at $7.17 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.96 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. The stock’s 50-day moving average price is $9.27 and its 200-day moving average price is $11.58. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current 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.