DAVENPORT & Co LLC Buys 397,301 Shares of Janus International Group, Inc. (NYSE:JBI)

DAVENPORT & Co LLC grew its position in Janus International Group, Inc. (NYSE:JBI) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,263,858 shares of the company’s stock after buying an additional 397,301 shares during the period. DAVENPORT & Co LLC owned approximately 2.31% of Janus International Group worth $24,054,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JBI. Wellington Management Group LLP increased its holdings in shares of Janus International Group by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after acquiring an additional 1,411,802 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Janus International Group by 30.0% in the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock valued at $47,417,000 after purchasing an additional 1,081,828 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Janus International Group by 403.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,075,180 shares of the company’s stock valued at $10,870,000 after purchasing an additional 861,670 shares during the last quarter. River Road Asset Management LLC acquired a new stake in Janus International Group in the 3rd quarter worth about $8,256,000. Finally, FMR LLC grew its position in shares of Janus International Group by 8.4% during the 3rd quarter. FMR LLC now owns 8,316,295 shares of the company’s stock worth $84,078,000 after purchasing an additional 646,078 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Price Performance

Janus International Group stock opened at $8.31 on Monday. The stock has a fifty day moving average of $7.59 and a 200-day moving average of $9.31. The stock has a market capitalization of $1.17 billion, a P/E ratio of 11.53 and a beta of 0.91. 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, Inc. has a 52 week low of $6.68 and a 52 week high of $15.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. 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 research note on Wednesday, October 30th. Jefferies Financial Group cut 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. Finally, KeyCorp dropped their price target on 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Janus International Group has a consensus rating of “Hold” and a consensus target price of $10.25.

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.