UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 45,951 Shares of The AZEK Company Inc. (NYSE:AZEK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in The AZEK Company Inc. (NYSE:AZEK) by 1.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,919,347 shares of the company’s stock after selling 45,951 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.02% of AZEK worth $136,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Equitable Trust Co. increased its stake in shares of AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after purchasing an additional 226 shares in the last quarter. Tidal Investments LLC increased its position in AZEK by 3.7% in the first quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after buying an additional 251 shares in the last quarter. Creative Planning raised its stake in shares of AZEK by 6.6% in the third quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after buying an additional 430 shares during the period. Covestor Ltd lifted its position in shares of AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after buying an additional 436 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after acquiring an additional 480 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AZEK has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of AZEK from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus decreased their price target on AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. DA Davidson boosted their price objective on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Loop Capital cut AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research report on Friday, October 4th. Finally, Barclays boosted their price target on AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

AZEK Trading Up 1.6 %

Shares of NYSE AZEK opened at $53.12 on Monday. The AZEK Company Inc. has a 1-year low of $33.14 and a 1-year high of $54.16. 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 business’s 50 day moving average is $46.12 and its two-hundred day moving average is $44.54. The stock 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.

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.