Trexquant Investment LP Purchases New Stake in JELD-WEN Holding, Inc. (JELD)
Trexquant Investment LP purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,235 shares of the company’s stock, valued at approximately $506,000.
Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in JELD-WEN during the second quarter worth $105,000. Quantbot Technologies LP bought a new position in JELD-WEN during the third quarter worth $110,000. Legal & General Group Plc bought a new position in JELD-WEN during the first quarter worth $130,000. Oppenheimer Asset Management Inc. bought a new position in JELD-WEN during the second quarter worth $135,000. Finally, Breton Hill Capital Ltd. bought a new position in JELD-WEN during the third quarter worth $208,000. 45.79% of the stock is currently owned by institutional investors.
In other news, major shareholder Corp Onex sold 12,465,047 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $32.74, for a total value of $408,105,638.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Kirk S. Hachigian sold 156,029 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.74, for a total transaction of $5,108,389.46. Following the completion of the sale, the chairman now owns 413,930 shares in the company, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. Insiders sold a total of 47,672,683 shares of company stock worth $1,560,803,641 in the last three months.
Shares of JELD-WEN Holding, Inc. (NYSE JELD) traded down $0.41 during trading on Friday, reaching $38.70. 354,434 shares of the company’s stock traded hands, compared to its average volume of 1,180,052. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93. JELD-WEN Holding, Inc. has a 12-month low of $24.95 and a 12-month high of $40.25.
JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts expect that JELD-WEN Holding, Inc. will post 1.59 EPS for the current fiscal year.
A number of brokerages recently issued reports on JELD. Zacks Investment Research raised shares of JELD-WEN from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Monday, October 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $38.00) on shares of JELD-WEN in a research report on Monday, October 2nd. ValuEngine lowered shares of JELD-WEN from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Barclays boosted their target price on shares of JELD-WEN from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Finally, B. Riley boosted their target price on shares of JELD-WEN from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.27.
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JELD-WEN Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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