Green Alpha Advisors LLC Has $625,000 Stake in The AZEK Company Inc. (NYSE:AZEK)

Green Alpha Advisors LLC lessened its stake in shares of The AZEK Company Inc. (NYSE:AZEK) by 13.4% during the fourth quarter, Holdings Channel reports. The fund owned 13,158 shares of the company’s stock after selling 2,041 shares during the quarter. Green Alpha Advisors LLC’s holdings in AZEK were worth $625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of AZEK by 33.8% during the third quarter. Wellington Management Group LLP now owns 14,224,410 shares of the company’s stock valued at $665,702,000 after purchasing an additional 3,595,863 shares during the period. FMR LLC raised its holdings in shares of AZEK by 57.9% in the 3rd quarter. FMR LLC now owns 6,811,591 shares of the company’s stock worth $318,782,000 after acquiring an additional 2,497,074 shares during the last quarter. State Street Corp lifted its position in AZEK by 1.9% in the 3rd quarter. State Street Corp now owns 2,451,483 shares of the company’s stock valued at $114,729,000 after acquiring an additional 45,774 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in AZEK by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,354,096 shares of the company’s stock valued at $99,175,000 after purchasing an additional 118,351 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in AZEK by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,330,636 shares of the company’s stock worth $109,105,000 after purchasing an additional 12,644 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jesse G. Singh sold 20,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $53.32, for a total transaction of $1,066,400.00. Following the completion of the transaction, the chief executive officer now directly owns 923,765 shares in the company, valued at $49,255,149.80. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Samara Toole sold 1,709 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total transaction of $90,577.00. Following the completion of the transaction, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. The trade was a 9.32 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

AZEK Price Performance

Shares of NYSE:AZEK opened at $44.80 on Monday. The firm has a market capitalization of $6.41 billion, a PE ratio of 43.08, a P/E/G ratio of 2.40 and a beta of 1.94. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $49.49 and a two-hundred day moving average price of $45.38. The AZEK Company Inc. has a twelve month low of $35.48 and a twelve month high of $54.91.

Analysts Set New Price Targets

AZEK has been the topic of a number of recent research reports. Robert W. Baird raised their target price on AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of AZEK from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Truist Financial raised their price target on shares of AZEK from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Friday, October 4th. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price on shares of AZEK in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.73.

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.