Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in The AZEK Company Inc. (NYSE:AZEK)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in The AZEK Company Inc. (NYSE:AZEK) by 7.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 65,629 shares of the company’s stock after acquiring an additional 4,831 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AZEK were worth $3,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amundi lifted its holdings in shares of AZEK by 271.1% during the 4th quarter. Amundi now owns 43,544 shares of the company’s stock valued at $2,013,000 after purchasing an additional 31,811 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in AZEK during the 4th quarter valued at about $4,056,000. Raymond James Financial Inc. purchased a new stake in AZEK in the fourth quarter valued at about $19,436,000. Proficio Capital Partners LLC acquired a new stake in AZEK in the fourth quarter worth about $717,000. Finally, M&T Bank Corp grew its stake in shares of AZEK by 4.1% during the fourth quarter. M&T Bank Corp now owns 15,062 shares of the company’s stock worth $715,000 after acquiring an additional 589 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CMO Samara Toole sold 1,709 shares of AZEK stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total value of $90,577.00. Following the sale, the chief marketing officer now owns 16,632 shares in the company, valued at $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse G. Singh sold 15,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $41.03, for a total transaction of $615,450.00. Following the transaction, the chief executive officer now owns 868,765 shares of the company’s stock, valued at approximately $35,645,427.95. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,709 shares of company stock valued at $3,675,601. 3.20% of the stock is owned by company insiders.

AZEK Trading Up 4.0 %

AZEK stock opened at $41.21 on Friday. The firm has a market cap of $5.92 billion, a PE ratio of 41.62, a P/E/G ratio of 1.91 and a beta of 1.95. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91. The stock’s 50 day simple moving average is $47.82 and its two-hundred day simple moving average is $47.16. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31.

AZEK (NYSE:AZEK) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial increased their price objective 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. The Goldman Sachs Group lifted their price objective on shares of AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. DA Davidson upped their target price on AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of AZEK in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. increased their price objective on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, AZEK currently has an average rating of “Moderate Buy” and a consensus price target of $54.85.

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.