Wilmington Savings Fund Society FSB Expands Its Investment in Janus International Group, Inc. (NYSE:JBI)

Wilmington Savings Fund Society FSB has significantly increased its stake in Janus International Group, Inc. (NYSE:JBI) by 23.1% during the fourth quarter of the year, as revealed in its recent 13F filing with the Securities and Exchange Commission. After acquiring an additional 5,820 shares during this period, Wilmington now owns a total of 31,004 shares of Janus International Group. At the conclusion of the most recent quarter, the total value of these holdings amounted to approximately $228,000.

Other institutional investors have also made changes to their investments in Janus International Group recently. For instance, FMR LLC increased its stake by 8.4% in the third quarter, owning a total of 8,316,295 shares now valued at $84,078,000 after adding an additional 646,078 shares. JPMorgan Chase & Co. raised its holdings by 6.5% during the same quarter, bringing its total to 7,125,266 shares worth $72,036,000 following the acquisition of 435,721 shares. Additionally, Wasatch Advisors LP enhanced its position by 30%, currently holding 4,690,089 shares valued at $47,417,000 after purchasing 1,081,828 shares. Wellington Management Group LLP also boosted its holdings significantly by 47.8%, now owning 4,366,402 shares worth $44,144,000 due to the acquisition of 1,411,802 shares. Lastly, Janus Henderson Group PLC added to its investment by 9.2% in the third quarter, reaching a total of 4,118,635 shares valued at $41,639,000 after acquiring an additional 345,553 shares. Notably, hedge funds and institutional investors collectively own 88.78% of the stock.

Current Trading Status of Janus International Group

As of the latest trading session, shares of Janus International Group opened at $8.18. The company carries a market capitalization of $1.15 billion and has a price-to-earnings (P/E) ratio of 11.36, along with a beta of 0.92, indicating a level of risk. Janus International Group's financial health is demonstrated by a quick ratio of 2.39 and a current ratio of 2.80, while its debt-to-equity ratio stands at 1.11. The company's fifty-day simple moving average is $7.69, and the two-hundred-day simple moving average is $9.02. Over the last year, its stock has experienced a low of $6.68 and a high of $15.86.

Recent Analyst Ratings

A number of analysts have recently provided insights on Janus International Group's stock performance. Jefferies Financial Group concluded that the stock's rating should shift from “buy” to “hold” with a revised price target of $7.50, down from $12.00. Similarly, KeyCorp adjusted its price target from $13.00 to $11.00 while maintaining an “overweight” rating. UBS Group also lowered its price target from $12.00 to $8.50, assigning a “neutral” rating. Currently, three analysts have rated the stock as a hold, while two have given it a buy rating. According to MarketBeat data, Janus International Group carries an average rating of “Hold” with a mean price target of $10.25.

About Janus International Group

Janus International Group, Inc. is engaged in the manufacture and supply of turn-key self-storage products, and commercial and industrial building solutions both in North America and internationally. Their offerings include roll-up and swing doors, hallway systems, and relocatable storage structures, among other solutions.

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