The AZEK Company Inc. (NYSE:AZEK) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 238.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,701 shares of the company’s stock after purchasing an additional 14,593 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in AZEK were worth $969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC grew its stake in shares of AZEK by 2.2% during the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock worth $25,232,000 after purchasing an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock worth $31,415,000 after acquiring an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AZEK by 105.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after acquiring an additional 31,193 shares during the last quarter. Algert Global LLC raised its position in shares of AZEK by 18.5% during the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after acquiring an additional 18,690 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in AZEK by 203.7% during the second quarter. Hsbc Holdings PLC now owns 142,142 shares of the company’s stock worth $5,960,000 after purchasing an additional 95,332 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZEK has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Robert W. Baird raised their price objective on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their target price on AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada raised their price target on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.67.

AZEK Trading Down 0.8 %

Shares of AZEK stock opened at $53.51 on Monday. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $47.66 and its 200-day simple moving average is $45.00. The AZEK Company Inc. has a 52-week low of $35.38 and a 52-week high of $54.91. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 51.45, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92.

AZEK Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.