Diversify Advisory Services LLC Sells 267 Shares of The AZEK Company Inc. (NYSE:AZEK)

Diversify Advisory Services LLC lowered its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,910 shares of the company’s stock after selling 267 shares during the period. Diversify Advisory Services LLC’s holdings in AZEK were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AZEK. WCM Investment Management LLC increased its holdings 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 valued at $25,232,000 after acquiring an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in 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 valued at $31,415,000 after purchasing an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock worth $2,845,000 after buying an additional 31,193 shares during the last quarter. State Street Corp lifted its stake in shares of AZEK by 1.9% in the third quarter. State Street Corp now owns 2,451,483 shares of the company’s stock worth $114,729,000 after buying an additional 45,774 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of AZEK by 18.5% during the third quarter. Algert Global LLC now owns 119,453 shares of the company’s stock valued at $5,590,000 after buying an additional 18,690 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

AZEK Stock Up 1.1 %

AZEK stock opened at $51.07 on Friday. The business’s 50-day moving average price is $50.00 and its 200-day moving average price is $45.82. The stock has a market cap of $7.30 billion, a P/E ratio of 49.10, a PEG ratio of 2.26 and a beta of 1.94. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $53.32, for a total value of $1,066,400.00. Following the transaction, the chief executive officer now directly owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at $881,496. This represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,322 shares of company stock valued at $2,039,170 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AZEK. JPMorgan Chase & Co. boosted their price objective on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. DA Davidson upped their price target on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their target price on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of AZEK in a research note on Thursday, November 21st. Finally, Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, AZEK presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.73.

AZEK Company 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.