Chartwell Investment Partners LLC Acquires 9,791 Shares of Jeld-Wen Holding Inc (NYSE:JELD)

Chartwell Investment Partners LLC boosted its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,036 shares of the company’s stock after purchasing an additional 9,791 shares during the period. Chartwell Investment Partners LLC owned about 0.27% of Jeld-Wen worth $4,318,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jeld-Wen by 78.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,579 shares of the company’s stock valued at $138,000 after purchasing an additional 3,769 shares during the period. Columbus Circle Investors acquired a new stake in shares of Jeld-Wen during the second quarter worth $1,021,000. Strs Ohio raised its stake in Jeld-Wen by 9.0% during the second quarter. Strs Ohio now owns 43,700 shares of the company’s stock worth $704,000 after buying an additional 3,600 shares during the last quarter. LGT Capital Partners LTD. lifted its holdings in Jeld-Wen by 32.4% in the second quarter. LGT Capital Partners LTD. now owns 490,000 shares of the company’s stock valued at $7,894,000 after buying an additional 120,000 shares during the period. Finally, Advisor Group Holdings Inc. bought a new stake in Jeld-Wen during the first quarter valued at $181,000. 62.18% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on JELD. ValuEngine raised Jeld-Wen from a “sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Co increased their price target on Jeld-Wen from $13.50 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. B. Riley reduced their price objective on shares of Jeld-Wen from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird boosted their target price on shares of Jeld-Wen from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Jeld-Wen from $12.00 to $18.00 in a report on Friday, July 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.42.

Shares of NYSE JELD opened at $19.60 on Friday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 24.05 and a beta of 2.85. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.07 and a current ratio of 1.76. Jeld-Wen Holding Inc has a fifty-two week low of $6.06 and a fifty-two week high of $27.00. The firm’s 50-day simple moving average is $16.69 and its 200 day simple moving average is $16.43.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $979.20 million during the quarter, compared to the consensus estimate of $979.09 million. Jeld-Wen had a return on equity of 13.86% and a net margin of 1.10%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. On average, sell-side analysts predict that Jeld-Wen Holding Inc will post 0.71 EPS for the current year.

In other news, CEO Gary S. Michel acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $12.68 per share, with a total value of $126,800.00. Following the acquisition, the chief executive officer now directly owns 202,132 shares of the company’s stock, valued at $2,563,033.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.19% of the stock is currently owned by company insiders.

Jeld-Wen Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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