Green Alpha Advisors LLC lessened its position in The AZEK Company Inc. (NYSE:AZEK – Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,158 shares of the company’s stock after selling 2,041 shares during the period. Green Alpha Advisors LLC’s holdings in AZEK were worth $625,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock worth $665,702,000 after purchasing an additional 3,595,863 shares during the period. FMR LLC increased its holdings in shares of AZEK by 57.9% during the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after acquiring an additional 2,497,074 shares during the last quarter. State Street Corp raised its stake in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after acquiring an additional 45,774 shares during the period. Dimensional Fund Advisors LP lifted its holdings in AZEK by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after purchasing an additional 118,351 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in AZEK by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after purchasing an additional 12,644 shares during the period. 97.44% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the sale, the chief executive officer now owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Samara Toole sold 1,709 shares of the company’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 completion of the transaction, the chief marketing officer now owns 16,632 shares of the company’s stock, valued at approximately $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
AZEK Stock Performance
Analysts Set New Price Targets
AZEK has been the subject of a number of research reports. Loop Capital cut shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a research note on Friday, October 4th. DA Davidson raised their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Citigroup raised AZEK from a “neutral” rating to a “buy” rating and upped their target price for the company from $51.00 to $60.00 in a research report on Monday, January 6th. Truist Financial lifted their price target on AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada upped their price objective on AZEK from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.73.
Read Our Latest Report on AZEK
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.
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