Quantbot Technologies LP Takes $801,000 Position in The AZEK Company Inc. (NYSE:AZEK)

Quantbot Technologies LP purchased a new stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,123 shares of the company's stock, valued at approximately $801,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZEK. Advantage Alpha Capital Partners LP purchased a new position in AZEK during the 3rd quarter worth $3,253,000. FMR LLC boosted its holdings in shares of AZEK by 57.9% in the third quarter. FMR LLC now owns 6,811,591 shares of the company's stock valued at $318,782,000 after acquiring an additional 2,497,074 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of AZEK by 38.7% during the third quarter. The Manufacturers Life Insurance Company now owns 719,568 shares of the company's stock worth $33,676,000 after acquiring an additional 200,746 shares during the period. Bank of Montreal Can raised its holdings in AZEK by 22.8% during the third quarter. Bank of Montreal Can now owns 196,361 shares of the company's stock worth $9,184,000 after purchasing an additional 36,433 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in AZEK by 18.5% in the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company's stock valued at $5,590,000 after purchasing an additional 18,690 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on AZEK shares. Stifel Nicolaus reduced their price target on AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Barclays increased their price target on shares of AZEK from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. DA Davidson boosted their price objective on shares of AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets increased 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. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.82.

AZEK Trading Down 0.2 %

NYSE:AZEK traded down $0.13 on Monday, reaching $52.99. The stock had a trading volume of 1,140,481 shares, compared to its average volume of 1,701,981. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 2.34 and a beta of 1.88. The AZEK Company Inc. has a 12-month low of $34.02 and a 12-month 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 firm's fifty day moving average is $46.12 and its two-hundred day moving average is $44.51.

About AZEK

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.