Shares of Janus International Group, Inc. (NYSE:JBI) acquired by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Janus International Group, Inc. (NYSE:JBI – Free Report) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,473 shares of the company’s stock after purchasing an additional 39,896 shares during the quarter. Holdings of American Century Companies Inc. holdings in Janus International Group were worth $4,199,000 at the end of the most recent reporting period.

Other institutional investors have added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Janus International Group by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 711,467 shares of the company’s stock worth $9,285,000 after buying an additional 18,354 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Janus International Group by 27.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company’s stock worth $22,637,000 after buying an additional 378,478 shares during the period. Capstone Investment Advisors LLC purchased a new position in Janus International Group in the fourth quarter valued at about $220,000. Ratan Capital Management LP grew its position in Janus International Group by 394.1% during the fourth quarter. Ratan Capital Management LP now owns 688,958 shares of the company’s stock valued at $8,991,000 after acquiring an additional 549,515 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in Janus International Group during the fourth quarter valued at about $26,103,000. Institutional investors and hedge funds own 88.78% of the company’s shares.

Insiders place their bets

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. 3.94% of shares are currently owned by corporate insiders.

Analysts set new price targets

Several brokerages recently weighed in on JBI. KeyCorp cut their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Benchmark cut their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research cut Janus International Group from an “outperform” rating to an “equal perform” rating in a research report on Monday, August 12th. UBS Group reduced their price objective on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group reduced their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday. September 10. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Read our latest report on JBI

Janus International Group stock falls 1.0%

Shares of Janus International Group stock opened at $9.95 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82, and a quick ratio of 2.47. Janus International Group, Inc. has a 12-month low of $9.16 and a 12-month high of $15.86. The stock has a market cap of $1.45 billion, a PE ratio of 10.47 and a beta of 0.89. The company has a 50-day simple moving average of $11.45 and a 200-day simple moving average of $13.07.

Janus International Group (NYSE:JBI – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The firm had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $287.42 million. On average, analysts anticipate that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Janus International Group Profile

(Free Report)

Janus International Group, Inc manufactures and supplies turnkey self-storage and commercial and industrial building solutions in North America and internationally. The company offers rolling and swing doors, hallway systems, relocatable mobile storage units, additional storage structures and other solutions.

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