Comerica Bank Buys 7,241 Shares of Janus International Group, Inc. (NYSE:JBI)

Comerica Bank raised its holdings in Janus International Group, Inc. (NYSE:JBI) by 103.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,241 shares of the company’s stock after acquiring an additional 7,241 shares during the quarter. Comerica Bank’s holdings in Janus International Group were worth $105,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Northern Trust Corp lifted its position in Janus International Group by 11.1% during the fourth quarter. Northern Trust Corp now owns 1,351,719 shares of the company’s stock worth $9,935,000 after buying an additional 134,525 shares in the last quarter. RBF Capital LLC acquired a new stake in shares of Janus International Group in the fourth quarter valued at $956,000. Price T Rowe Associates Inc. MD grew its stake in shares of Janus International Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 55,809 shares of the company’s stock valued at $411,000 after buying an additional 9,482 shares in the last quarter. MGO One Seven LLC grew its stake in Janus International Group by 60.7% during the 4th quarter. MGO One Seven LLC now owns 42,580 shares of the company’s stock worth $313,000 after purchasing an additional 16,086 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Janus International Group during the 4th quarter worth $124,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp upped their price objective on Janus International Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

Janus International Group Price Performance

Shares of Janus International Group stock opened at $8.87 on Monday. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $15.24. The stock has a market capitalization of $1.24 billion, a P/E ratio of 12.31 and a beta of 1.20. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The business’s fifty day moving average price is $7.29 and its 200 day moving average price is $7.57.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. During the same period last year, the company posted $0.21 earnings per share. The firm’s revenue was down 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Janus International Group

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.