Polar Asset Management Partners Inc. Decreases Holdings in The AZEK Company Inc. (NYSE:AZEK)

Polar Asset Management Partners Inc. trimmed its holdings in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,300 shares of the company's stock after selling 9,400 shares during the period. Polar Asset Management Partners Inc. owned about 0.08% of AZEK worth $5,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. grew its holdings in AZEK by 15.9% during the second 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 period. WCM Investment Management LLC lifted its position in shares of AZEK by 2.2% during the 3rd 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. increased its holdings in AZEK by 8.1% in 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 acquiring an additional 50,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AZEK by 105.4% in 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 lifted its holdings in AZEK by 18.5% during the third 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 during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

AZEK Price Performance

Shares of NYSE:AZEK traded down $0.20 during trading on Thursday, reaching $53.48. The company had a trading volume of 861,517 shares, compared to its average volume of 1,693,617. The company has a fifty day moving average of $46.55 and a two-hundred day moving average of $44.67. 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 stock has a market capitalization of $7.65 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.36 and a beta of 1.92. The AZEK Company Inc. has a 12 month low of $34.02 and a 12 month high of $54.16.

Analysts Set New Price Targets

Several research firms have recently weighed in on AZEK. Truist Financial lifted their target price on shares of AZEK from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Benchmark reiterated a "buy" rating and issued a $55.00 price objective on shares of AZEK in a research note on Thursday, November 21st. Robert W. Baird increased their target price on AZEK from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Loop Capital downgraded AZEK from a "buy" rating to a "hold" rating and set a $47.00 target price on the stock. in a research report on Friday, October 4th. Finally, DA Davidson boosted their price objective on AZEK from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, AZEK currently has an average rating of "Moderate Buy" and a consensus target price 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.