The AZEK Company Inc. (NYSE:AZEK) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 47.6% during the fourth quarter, Holdings Channel reports. The firm owned 16,162 shares of the company’s stock after selling 14,692 shares during the quarter. SG Americas Securities LLC’s holdings in AZEK were worth $767,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. WCM Investment Management LLC lifted its holdings in AZEK by 2.2% in the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company’s stock worth $25,232,000 after acquiring an additional 11,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised 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 purchasing an additional 50,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $2,845,000 after purchasing an additional 31,193 shares during the last quarter. State Street Corp boosted its position in AZEK by 1.9% during the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after purchasing an additional 45,774 shares during the period. Finally, Algert Global LLC grew its stake in 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 buying an additional 18,690 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AZEK

In related news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 923,765 shares of the company’s stock, valued at approximately $49,255,149.80. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Samara Toole sold 1,709 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,322 shares of company stock valued at $2,039,170 in the last three months. 3.20% of the stock is currently owned by company insiders.

AZEK Stock Up 0.6 %

AZEK stock opened at $51.54 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14. The firm has a market capitalization of $7.37 billion, a P/E ratio of 49.56, a P/E/G ratio of 2.28 and a beta of 1.94. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91. The company’s 50 day simple moving average is $50.37 and its 200-day simple moving average is $46.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AZEK. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Friday, October 4th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Barclays upped their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. DA Davidson lifted 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. Finally, Royal Bank of Canada increased their price objective on AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.73.

About AZEK

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.