AQR Capital Management LLC Trims Holdings in The AZEK Company Inc. (NYSE:AZEK)

AQR Capital Management LLC reduced its position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) by 38.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,612 shares of the company's stock after selling 118,662 shares during the period. AQR Capital Management LLC owned about 0.13% of AZEK worth $8,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of AZEK during the 4th quarter worth about $27,000. FIL Ltd acquired a new stake in shares of AZEK during the fourth quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of AZEK by 623.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 687 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of AZEK in the 4th quarter valued at about $38,000. Finally, GAMMA Investing LLC grew its stake in AZEK by 39.1% during the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company's stock worth $40,000 after buying an additional 239 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AZEK

In other AZEK news, CEO Jesse G. Singh sold 15,000 shares of the business'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 in the company, valued at $35,645,427.95. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on AZEK from $48.00 to $52.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. UBS Group dropped their price target on AZEK from $55.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James set a $51.50 price objective on AZEK in a research report on Tuesday, March 25th. Citigroup restated a "neutral" rating and set a $51.50 price target (down previously from $61.00) on shares of AZEK in a research note on Tuesday, March 25th. Finally, Stephens lowered their price objective on shares of AZEK from $58.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AZEK has an average rating of "Hold" and an average price target of $53.93.

AZEK Trading Up 2.1%

AZEK stock traded up $1.07 during trading on Monday, hitting $51.36. The company's stock had a trading volume of 429,324 shares, compared to its average volume of 2,208,796. The stock's fifty day moving average is $46.43 and its 200 day moving average is $48.13. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 51.78, a P/E/G ratio of 1.91 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 2.56.

AZEK (NYSE:AZEK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. AZEK had a net margin of 9.85% and a return on equity of 13.47%. The business had revenue of $452.23 million for the quarter, compared to analyst estimates of $444.75 million. During the same period in the prior year, the firm posted $0.39 EPS. The company's revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that The AZEK Company Inc. will post 1.34 EPS for the current year.

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.