The AZEK Company Inc. (NYSE:AZEK) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. trimmed its position in The AZEK Company Inc. (NYSE:AZEK) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,300 shares of the company’s stock after selling 9,400 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.08% of AZEK worth $5,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Equitable Trust Co. grew its position in AZEK by 2.2% during 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 during the last quarter. Tidal Investments LLC grew its position in AZEK by 3.7% during the 1st quarter. Tidal Investments LLC now owns 7,060 shares of the company’s stock worth $355,000 after purchasing an additional 251 shares during the last quarter. Creative Planning grew its position in AZEK by 6.6% during the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after purchasing an additional 430 shares during the last quarter. Covestor Ltd grew its position in AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $129,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. grew its position in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock worth $44,000 after purchasing an additional 480 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

AZEK Stock Performance

Shares of AZEK opened at $53.67 on Thursday. The AZEK Company Inc. has a one year low of $34.02 and a one year high of $54.16. The company has a 50-day moving average of $46.39 and a two-hundred day moving average of $44.60. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 2.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.14.

Wall Street Analyst Weigh In

AZEK has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of AZEK from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets lifted their target price on shares of AZEK from $49.00 to $51.00 and gave the company a “market perform” rating in a report on Wednesday, November 20th. DA Davidson lifted their target price on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Loop Capital downgraded shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a report on Friday, October 4th. Finally, Barclays boosted their price objective on shares of AZEK from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

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.