Diversify Advisory Services LLC Sells 267 Shares of The AZEK Company Inc. (NYSE:AZEK)

Diversify Advisory Services LLC lessened its position in shares of The AZEK Company Inc. (NYSE:AZEK) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,910 shares of the company’s stock after selling 267 shares during the quarter. Diversify Advisory Services LLC’s holdings in AZEK were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AZEK. Equitable Trust Co. lifted its holdings in shares of AZEK by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock valued at $484,000 after acquiring an additional 226 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. Creative Planning boosted its holdings in shares of AZEK by 6.6% in the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock worth $327,000 after purchasing an additional 430 shares during the period. Covestor Ltd increased its position in shares of AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in AZEK by 106.4% during the 3rd quarter. Blue Trust Inc. now owns 931 shares of the company’s stock valued at $44,000 after buying an additional 480 shares during the period. Institutional investors own 97.44% of the company’s stock.

Insider Activity

In other AZEK news, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $53.00, for a total value of $90,577.00. Following the completion of the sale, the chief marketing officer now directly owns 16,632 shares in the company, valued at approximately $881,496. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jesse G. Singh sold 19,613 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $44.98, for a total transaction of $882,192.74. Following the sale, the chief executive officer now directly owns 904,152 shares in the company, valued at approximately $40,668,756.96. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,322 shares of company stock worth $2,039,170. Corporate insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AZEK shares. Robert W. Baird boosted their price objective on shares of AZEK from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson upped their price target on shares of AZEK from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Royal Bank of Canada raised their price objective on shares of AZEK from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Barclays upped their target price on AZEK from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group raised their price target on AZEK from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AZEK presently has an average rating of “Moderate Buy” and a consensus price target of $53.73.

AZEK Trading Up 1.1 %

NYSE AZEK opened at $51.07 on Friday. The AZEK Company Inc. has a one year low of $35.48 and a one year high of $54.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.17. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.94. The company’s 50-day simple moving average is $50.00 and its two-hundred day simple moving average is $45.82.

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.