Versor Investments LP Increases Stake in The AZEK Company Inc. (NYSE:AZEK)

Versor Investments LP boosted its holdings in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 194.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,452 shares of the company's stock after acquiring an additional 12,852 shares during the quarter. Versor Investments LP's holdings in AZEK were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its holdings in shares of AZEK by 2.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 49,208 shares of the company's stock worth $2,303,000 after purchasing an additional 1,382 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in AZEK by 1.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 772,639 shares of the company's stock worth $36,160,000 after buying an additional 11,137 shares in the last quarter. Covestor Ltd increased its holdings in shares of AZEK by 18.8% in the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company's stock worth $129,000 after buying an additional 436 shares during the last quarter. Privium Fund Management B.V. raised its position in shares of AZEK by 34.3% during the 3rd quarter. Privium Fund Management B.V. now owns 11,550 shares of the company's stock valued at $541,000 after buying an additional 2,950 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in shares of AZEK by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company's stock worth $484,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Insider Activity

In other news, CEO Jesse G. Singh sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.47, for a total value of $829,400.00. Following the completion of the transaction, the chief executive officer now owns 186,705 shares of the company's stock, valued at approximately $7,742,656.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AZEK news, Director Pamela J. Edwards acquired 600 shares of the business's stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $41.70 per share, for a total transaction of $25,020.00. Following the completion of the acquisition, the director now owns 8,708 shares in the company, valued at $363,123.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh sold 20,000 shares of AZEK stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.47, for a total transaction of $829,400.00. Following the transaction, the chief executive officer now owns 186,705 shares of the company's stock, valued at $7,742,656.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.

AZEK Trading Up 0.3 %

NYSE:AZEK traded up $0.12 during trading hours on Wednesday, hitting $47.34. The company had a trading volume of 815,018 shares, compared to its average volume of 1,693,724. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.07 and a quick ratio of 2.11. The stock has a 50-day moving average price of $44.60 and a 200 day moving average price of $44.20. The company has a market capitalization of $6.85 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.22 and a beta of 1.88. The AZEK Company Inc. has a 52 week low of $29.76 and a 52 week high of $50.78.

Analyst Ratings Changes

A number of research firms have weighed in on AZEK. Truist Financial lowered their price target on AZEK from $57.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus dropped their target price on AZEK from $52.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Benchmark reiterated a "buy" rating and set a $55.00 price target on shares of AZEK in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their price objective on shares of AZEK from $52.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, August 13th. Finally, UBS Group reduced their target price on shares of AZEK from $47.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.12.

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.