Canada Pension Plan Investment Board Has $3.40 Million Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Canada Pension Plan Investment Board trimmed its stake in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 71,700 shares of the company's stock after selling 59,800 shares during the quarter. Canada Pension Plan Investment Board owned about 0.05% of AZEK worth $3,404,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AZEK. Stifel Financial Corp lifted its position in AZEK by 24.7% during the third quarter. Stifel Financial Corp now owns 22,481 shares of the company's stock worth $1,052,000 after purchasing an additional 4,454 shares during the period. Barclays PLC lifted its holdings in shares of AZEK by 96.0% during the 3rd quarter. Barclays PLC now owns 191,588 shares of the company's stock worth $8,966,000 after acquiring an additional 93,819 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of AZEK by 97.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,229 shares of the company's stock worth $572,000 after acquiring an additional 5,553 shares during the period. Tidal Investments LLC boosted its position in shares of AZEK by 69.8% during the 3rd quarter. Tidal Investments LLC now owns 10,587 shares of the company's stock worth $495,000 after acquiring an additional 4,352 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in AZEK by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 1,999,232 shares of the company's stock valued at $93,564,000 after acquiring an additional 90,206 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

AZEK Stock Performance

NYSE AZEK opened at $47.32 on Wednesday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91. The stock has a fifty day simple moving average of $45.91 and a 200 day simple moving average of $47.58. The company has a quick ratio of 1.19, a current ratio of 2.56 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Sell-side analysts expect that The AZEK Company Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AZEK shares. Raymond James set a $51.50 target price on AZEK in a report on Tuesday, March 25th. BMO Capital Markets raised their price objective on AZEK from $54.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, March 24th. Baird R W cut AZEK from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Stephens cut shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Finally, Citigroup reaffirmed a "neutral" rating and set a $51.50 price target (down from $61.00) on shares of AZEK in a report on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.53.

Insiders Place Their Bets

In other news, CEO Jesse G. Singh sold 15,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the completion of the sale, the chief executive officer now directly owns 868,765 shares in the company, valued at $35,645,427.95. This represents a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.20% of the company's stock.

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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