Quantbot Technologies LP Has $4.68 Million Position in The AZEK Company Inc. (NYSE:AZEK)

Quantbot Technologies LP grew its stake in The AZEK Company Inc. (NYSE:AZEK) by 93.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,238 shares of the company’s stock after buying an additional 44,933 shares during the period. Quantbot Technologies LP owned 0.06% of AZEK worth $4,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,069,026 shares of the company’s stock valued at $499,890,000 after acquiring an additional 56,612 shares during the last quarter. Wellington Management Group LLP increased its position in shares of AZEK by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 12,152,986 shares of the company’s stock worth $464,852,000 after buying an additional 42,132 shares during the period. Massachusetts Financial Services Co. MA raised its stake in AZEK by 7.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,632,693 shares of the company’s stock worth $291,951,000 after buying an additional 516,523 shares during the last quarter. Wasatch Advisors LP lifted its holdings in AZEK by 1.5% in the fourth quarter. Wasatch Advisors LP now owns 2,216,800 shares of the company’s stock valued at $84,793,000 after buying an additional 31,752 shares during the period. Finally, American Century Companies Inc. boosted its position in AZEK by 1.8% during the third quarter. American Century Companies Inc. now owns 1,976,725 shares of the company’s stock valued at $58,788,000 after acquiring an additional 35,542 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors.

Insider Transactions at AZEK

In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $41.75, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer now owns 1,024,444 shares in the company, valued at approximately $42,770,537. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AZEK news, CEO Jesse G. Singh sold 13,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $41.75, for a total value of $542,750.00. Following the transaction, the chief executive officer now directly owns 1,024,444 shares in the company, valued at $42,770,537. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Skelly sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $46.72, for a total transaction of $560,640.00. Following the sale, the insider now owns 190,134 shares of the company’s stock, valued at approximately $8,883,060.48. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock worth $1,701,000 in the last 90 days. Insiders own 3.10% of the company’s stock.

AZEK Stock Up 0.8 %

NYSE:AZEK traded up $0.35 during trading hours on Friday, hitting $43.66. 1,840,479 shares of the company traded hands, compared to its average volume of 1,662,445. The company has a quick ratio of 2.21, a current ratio of 3.40 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.35 billion, a PE ratio of 43.19, a PEG ratio of 1.32 and a beta of 1.88. The firm’s 50-day simple moving average is $45.09 and its 200-day simple moving average is $44.47. The AZEK Company Inc. has a one year low of $25.03 and a one year high of $50.78.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Friday, June 14th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. AZEK had a net margin of 10.66% and a return on equity of 12.02%. The company had revenue of $418.41 million for the quarter, compared to analyst estimates of $416.79 million. Equities analysts predict that The AZEK Company Inc. will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZEK has been the subject of several research analyst reports. Truist Financial reissued a “buy” rating and issued a $57.00 price objective on shares of AZEK in a research report on Tuesday, June 18th. The Goldman Sachs Group dropped their price target on AZEK from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup cut their price target on AZEK from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday. Benchmark assumed coverage on shares of AZEK in a research note on Friday, April 19th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Loop Capital cut their target price on shares of AZEK from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

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.