Allspring Global Investments Holdings LLC Sells 1,030,679 Shares of Janus International Group, Inc. (NYSE:JBI)

Allspring Global Investments Holdings LLC decreased its holdings in Janus International Group, Inc. (NYSE:JBI) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,121,967 shares of the company’s stock after selling 1,030,679 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.21% of Janus International Group worth $23,071,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atria Investments Inc boosted its stake in shares of Janus International Group by 13.4% in the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after purchasing an additional 1,643 shares in the last quarter. KBC Group NV boosted its position in Janus International Group by 102.9% in the fourth quarter. KBC Group NV now owns 8,867 shares of the company’s stock valued at $65,000 after buying an additional 4,496 shares in the last quarter. Truvestments Capital LLC grew its stake in Janus International Group by 16.3% during the third quarter. Truvestments Capital LLC now owns 40,950 shares of the company’s stock worth $414,000 after buying an additional 5,741 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Janus International Group by 23.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,004 shares of the company’s stock worth $228,000 after buying an additional 5,820 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Janus International Group during the fourth quarter worth approximately $76,000. 88.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBI has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. KeyCorp decreased their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group cut their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Janus International Group presently has an average rating of “Hold” and an average target price of $10.25.

Janus International Group Stock Up 1.1 %

Shares of JBI opened at $8.39 on Friday. The business’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $8.93. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.65 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 company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80.

Janus International Group 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.