Quantinno Capital Management LP Has $1.87 Million Holdings in The AZEK Company Inc. (NYSE:AZEK)

Quantinno Capital Management LP lessened its position in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 21.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,042 shares of the company's stock after selling 10,728 shares during the period. Quantinno Capital Management LP's holdings in AZEK were worth $1,874,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its position in AZEK by 15.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 734,446 shares of the company's stock valued at $30,942,000 after purchasing an additional 100,719 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of AZEK by 2.2% in the third quarter. WCM Investment Management LLC now owns 539,494 shares of the company's stock valued at $25,232,000 after buying an additional 11,770 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in AZEK by 8.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company's stock worth $31,415,000 after buying an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AZEK by 105.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company's stock worth $2,845,000 after acquiring an additional 31,193 shares during the last quarter. Finally, Algert Global LLC increased its position 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 acquiring an additional 18,690 shares in the last quarter. Institutional investors own 97.44% of the company's stock.

Analysts Set New Price Targets

AZEK has been the topic of a number of research reports. Royal Bank of Canada upped their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Loop Capital lowered AZEK from a "buy" rating to a "hold" rating and set a $47.00 price objective on the stock. in a research report on Friday, October 4th. DA Davidson boosted their target price on AZEK from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of AZEK in a report on Thursday, November 21st. Finally, Truist Financial boosted their price objective on AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.56.

AZEK Trading Down 1.4 %

Shares of AZEK stock traded down $0.79 on Thursday, hitting $53.97. The stock had a trading volume of 1,146,969 shares, compared to its average volume of 1,685,950. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The AZEK Company Inc. has a twelve month low of $34.96 and a twelve month high of $54.91. The company has a fifty day moving average price of $47.46 and a two-hundred day moving average price of $44.98. The firm has a market cap of $7.72 billion, a P/E ratio of 51.89, a PEG ratio of 2.39 and a beta of 1.92.

AZEK Company 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.