Cerity Partners LLC Has $458,000 Holdings in The AZEK Company Inc. (NYSE:AZEK)

Cerity Partners LLC boosted its holdings in shares of The AZEK Company Inc. (NYSE:AZEK) by 96.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,362 shares of the company’s stock after buying an additional 4,591 shares during the quarter. Cerity Partners LLC’s holdings in AZEK were worth $458,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FIL Ltd acquired a new position in shares of AZEK in the fourth quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in shares of AZEK in the first quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AZEK by 623.2% in the fourth 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. Parallel Advisors LLC grew its position in shares of AZEK by 261.4% in the first quarter. Parallel Advisors LLC now owns 683 shares of the company’s stock valued at $33,000 after purchasing an additional 494 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of AZEK in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Insider Activity at AZEK

In other news, CEO Jesse G. Singh sold 20,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $51.40, for a total transaction of $1,028,000.00. Following the completion of the transaction, the chief executive officer directly owned 852,765 shares of the company’s stock, valued at approximately $43,832,121. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AZEK. Robert W. Baird upped their target price on AZEK from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. UBS Group decreased their target price on AZEK from $55.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Barclays upped their target price on AZEK from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Stephens cut their price target on AZEK from $58.00 to $53.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Finally, Loop Capital cut their price target on AZEK from $55.00 to $49.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AZEK currently has a consensus rating of “Hold” and an average target price of $53.93.

AZEK Stock Performance

NYSE AZEK opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.47 and a current ratio of 2.45. The company has a market capitalization of $7.82 billion, a P/E ratio of 53.28 and a beta of 1.82. The company has a fifty day moving average of $52.75 and a 200-day moving average of $49.49. The AZEK Company Inc. has a 52-week low of $35.48 and a 52-week high of $54.91.

AZEK (NYSE:AZEK) last released its earnings results on Tuesday, May 6th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $452.23 million during the quarter, compared to analyst estimates of $444.75 million. AZEK had a return on equity of 13.87% and a net margin of 9.92%. AZEK’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities research analysts predict that The AZEK Company Inc. will post 1.34 EPS 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.