Schonfeld Strategic Advisors LLC Makes New $7.25 Million Investment in The AZEK Company Inc. (NYSE:AZEK)

Schonfeld Strategic Advisors LLC bought a new position in shares of The AZEK Company Inc. (NYSE:AZEK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 152,699 shares of the company's stock, valued at approximately $7,249,000. Schonfeld Strategic Advisors LLC owned approximately 0.11% of AZEK as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZEK. Vanguard Group Inc. increased its stake in AZEK by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 14,430,833 shares of the company's stock valued at $685,032,000 after acquiring an additional 54,725 shares during the period. FMR LLC grew its stake in shares of AZEK by 80.7% in the 4th quarter. FMR LLC now owns 12,311,577 shares of the company's stock valued at $584,431,000 after purchasing an additional 5,499,986 shares during the period. Alliancebernstein L.P. raised its holdings in shares of AZEK by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,294,619 shares of the company's stock worth $156,396,000 after buying an additional 429,574 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of AZEK by 11.6% in the 4th quarter. Wasatch Advisors LP now owns 2,084,014 shares of the company's stock worth $98,928,000 after buying an additional 216,849 shares in the last quarter. Finally, Norges Bank bought a new position in shares of AZEK during the 4th quarter worth approximately $94,987,000. 97.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $41.03, for a total transaction of $615,450.00. Following the sale, the chief executive officer now directly owns 868,765 shares of the company's stock, valued at $35,645,427.95. The trade was a 1.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AZEK shares. Wolfe Research reiterated a "peer perform" rating on shares of AZEK in a research report on Wednesday, March 26th. Raymond James set a $51.50 price objective on shares of AZEK in a research report on Tuesday, March 25th. Loop Capital reduced their target price on shares of AZEK from $55.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Stephens downgraded shares of AZEK from an "overweight" rating to a "mixed" rating in a research note on Monday, March 24th. Finally, William Blair reaffirmed a "market perform" rating on shares of AZEK in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $53.53.

AZEK Stock Down 0.2 %

Shares of AZEK stock traded down $0.12 during trading hours on Tuesday, hitting $49.64. 1,554,924 shares of the company were exchanged, compared to its average volume of 2,220,646. The company has a market capitalization of $7.13 billion, a PE ratio of 50.15, a PEG ratio of 1.91 and a beta of 1.86. The AZEK Company Inc. has a 52 week low of $35.48 and a 52 week high of $54.91. The business has a 50 day moving average of $46.11 and a two-hundred day moving average of $47.93. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. AZEK had a return on equity of 13.47% and a net margin of 9.85%. Analysts anticipate that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal 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.