First Eagle Investment Management LLC Increases Holdings in Janus International Group, Inc. (NYSE:JBI)

First Eagle Investment Management LLC lifted its holdings in Janus International Group, Inc. (NYSE:JBIFree Report) by 142.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,084 shares of the company’s stock after purchasing an additional 270,054 shares during the quarter. First Eagle Investment Management LLC owned about 0.31% of Janus International Group worth $4,923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust purchased a new stake in shares of Janus International Group in the second quarter worth about $28,000. Financial Management Professionals Inc. purchased a new stake in Janus International Group in the 3rd quarter worth approximately $28,000. Ensign Peak Advisors Inc acquired a new stake in shares of Janus International Group during the 3rd quarter worth approximately $30,000. Gyon Technologies Capital Management LP acquired a new stake in shares of Janus International Group during the 4th quarter worth approximately $35,000. Finally, Point72 Middle East FZE acquired a new stake in shares of Janus International Group during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

Janus International Group Stock Down 2.7 %

Shares of JBI opened at $14.32 on Tuesday. The firm has a market cap of $2.10 billion, a P/E ratio of 15.91 and a beta of 0.95. The company has a current ratio of 2.47, a quick ratio of 2.14 and a debt-to-equity ratio of 1.27. The company’s 50-day moving average price is $12.85 and its 200 day moving average price is $11.44. Janus International Group, Inc. has a 12-month low of $8.66 and a 12-month high of $14.78.

Janus International Group (NYSE:JBIGet Free Report) last released its earnings results on Monday, November 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $280.10 million during the quarter, compared to the consensus estimate of $276.58 million. Janus International Group had a return on equity of 31.81% and a net margin of 12.26%. On average, sell-side analysts forecast that Janus International Group, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JBI. Benchmark raised their price objective on shares of Janus International Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. TheStreet upgraded Janus International Group from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.63.

Read Our Latest Report on Janus International Group

Insider Buying and Selling at Janus International Group

In other Janus International Group news, VP Norman V. Nettie sold 55,271 shares of Janus International Group stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $13.99, for a total value of $773,241.29. Following the completion of the transaction, the vice president now directly owns 410,515 shares of the company’s stock, valued at approximately $5,743,104.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ramey Pierce Jackson sold 275,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.76, for a total transaction of $3,234,000.00. Following the completion of the transaction, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at $2,352,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Norman V. Nettie sold 55,271 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $13.99, for a total value of $773,241.29. Following the transaction, the vice president now directly owns 410,515 shares of the company’s stock, valued at $5,743,104.85. The disclosure for this sale can be found here. Insiders sold a total of 813,841 shares of company stock valued at $10,199,076 in the last three months. 42.90% of the stock is owned by corporate insiders.

About Janus International Group

(Free Report)

Janus International Group, Inc manufacturers, supplies, and provides 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.

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Institutional Ownership by Quarter for Janus International Group (NYSE:JBI)

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