UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in The AZEK Company Inc. (NYSE:AZEK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,919,347 shares of the company’s stock after selling 45,951 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AZEK were worth $136,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AZEK. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AZEK by 105.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares during the period. FORA Capital LLC bought a new stake in AZEK during the 3rd quarter valued at about $1,363,000. Townsquare Capital LLC boosted its position in AZEK by 11.0% in the 3rd quarter. Townsquare Capital LLC now owns 77,507 shares of the company’s stock valued at $3,627,000 after buying an additional 7,676 shares during the period. Quantbot Technologies LP purchased a new position in shares of AZEK during the third quarter worth approximately $801,000. Finally, Advantage Alpha Capital Partners LP purchased a new position in shares of AZEK during the third quarter worth approximately $3,253,000. Institutional investors own 97.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AZEK. Robert W. Baird increased their price objective on AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Barclays increased their price target on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of AZEK in a report on Thursday, November 21st. Royal Bank of Canada increased their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, DA Davidson boosted their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, AZEK has an average rating of “Moderate Buy” and a consensus target price of $49.82.

AZEK Stock Performance

Shares of AZEK stock opened at $53.12 on Monday. The company has a 50 day moving average price of $46.12 and a 200 day moving average price of $44.54. The firm has a market capitalization of $7.60 billion, a P/E ratio of 51.08, a PEG ratio of 2.34 and a beta of 1.88. 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 AZEK Company Inc. has a 52 week low of $33.14 and a 52 week high of $54.16.

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.