Captrust Financial Advisors Sells 667 Shares of The AZEK Company Inc. (NYSE:AZEK)

Captrust Financial Advisors lowered its position in The AZEK Company Inc. (NYSE:AZEK) by 5.2% in the third quarter, HoldingsChannel.com reports. The fund owned 12,213 shares of the company’s stock after selling 667 shares during the quarter. Captrust Financial Advisors’ holdings in AZEK were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AZEK. Vaughan Nelson Investment Management L.P. increased its holdings in shares of AZEK by 15.9% in 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 in the last quarter. WCM Investment Management LLC increased 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 purchasing an additional 11,770 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of AZEK by 8.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 671,267 shares of the company’s stock valued at $31,415,000 after purchasing an additional 50,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AZEK by 105.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,798 shares of the company’s stock valued at $2,845,000 after purchasing an additional 31,193 shares in the last quarter. Finally, Algert Global LLC grew its holdings in AZEK by 18.5% during the 3rd quarter. Algert Global LLC now owns 119,453 shares of the company’s stock worth $5,590,000 after acquiring an additional 18,690 shares during the period. Institutional investors own 97.44% of the company’s stock.

AZEK Price Performance

Shares of NYSE AZEK opened at $54.76 on Thursday. The firm has a market cap of $7.83 billion, a PE ratio of 52.65, a PEG ratio of 2.39 and a beta of 1.92. 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 1-year low of $34.64 and a 1-year high of $54.77. The company has a fifty day moving average price of $47.30 and a 200 day moving average price of $44.91.

Analyst Upgrades and Downgrades

A number of analysts have commented on AZEK shares. Royal Bank of Canada lifted their target price on shares of AZEK from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Loop Capital lowered shares of AZEK from a “buy” rating to a “hold” rating and set a $47.00 target price for the company. in a report on Friday, October 4th. Barclays lifted their target price on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird lifted their target price on shares of AZEK from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets lifted their target price on shares of AZEK from $49.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.00.

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.