Empire Life Investments Inc. trimmed its holdings in shares of Jeld-Wen Holding Inc (NYSE:JELD) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,505,028 shares of the company’s stock after selling 142,293 shares during the quarter. Jeld-Wen makes up about 4.6% of Empire Life Investments Inc.’s investment portfolio, making the stock its largest holding. Empire Life Investments Inc. owned approximately 1.28% of Jeld-Wen worth $59,253,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Jeld-Wen in the 3rd quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jeld-Wen by 331.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock valued at $139,000 after buying an additional 2,706 shares during the period. Strs Ohio purchased a new stake in Jeld-Wen in the 4th quarter valued at about $149,000. Virtu Financial LLC purchased a new stake in Jeld-Wen in the 4th quarter valued at about $205,000. Finally, First Quadrant L P CA purchased a new stake in Jeld-Wen in the 4th quarter valued at about $219,000. Institutional investors own 53.83% of the company’s stock.
Jeld-Wen stock traded down $0.22 during trading hours on Monday, reaching $33.25. The company’s stock had a trading volume of 546,893 shares, compared to its average volume of 946,580. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.98 and a quick ratio of 1.28. The stock has a market capitalization of $3,939.25, a PE ratio of -836.75, a price-to-earnings-growth ratio of 1.09 and a beta of 2.76. Jeld-Wen Holding Inc has a 1 year low of $27.61 and a 1 year high of $42.27.
In other Jeld-Wen news, Director Patrick Wright Tolbert purchased 2,860 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the acquisition, the director now owns 4,343 shares of the company’s stock, valued at approximately $134,111.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Roderick Wendt sold 30,000 shares of Jeld-Wen stock in a transaction on Friday, March 9th. The shares were sold at an average price of $32.17, for a total value of $965,100.00. The disclosure for this sale can be found here.
A number of analysts have issued reports on JELD shares. Barclays reiterated a “buy” rating and set a $39.00 price target on shares of Jeld-Wen in a research note on Sunday, February 25th. Credit Suisse Group restated an “outperform” rating and set a $47.00 price target (up previously from $41.00) on shares of Jeld-Wen in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Jeld-Wen from an “overweight” rating to a “neutral” rating and set a $32.00 price objective for the company. in a research report on Thursday, February 22nd. Citigroup set a $40.00 price objective on Jeld-Wen and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada set a $39.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a research report on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.00.
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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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