New York State Common Retirement Fund increased its stake in Acuity Brands, Inc. (NYSE:AYI – Get Rating) by 24.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,330 shares of the electronics maker’s stock after purchasing an additional 17,435 shares during the period. New York State Common Retirement Fund owned approximately 0.25% of Acuity Brands worth $16,532,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AYI. WINTON GROUP Ltd bought a new position in Acuity Brands during the fourth quarter valued at approximately $1,059,000. Comerica Bank grew its holdings in shares of Acuity Brands by 2.8% in the first quarter. Comerica Bank now owns 29,954 shares of the electronics maker’s stock worth $5,428,000 after purchasing an additional 826 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Acuity Brands by 35.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,139 shares of the electronics maker’s stock worth $665,000 after purchasing an additional 825 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Acuity Brands in the fourth quarter worth approximately $2,020,000. Finally, Hanseatic Management Services Inc. grew its holdings in shares of Acuity Brands by 3.7% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,216 shares of the electronics maker’s stock worth $681,000 after purchasing an additional 114 shares during the last quarter. 93.61% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Acuity Brands news, Director Laura O’shaughnessy acquired 575 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were acquired at an average price of $174.54 per share, for a total transaction of $100,360.50. Following the completion of the acquisition, the director now owns 1,479 shares in the company, valued at $258,144.66. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Laura O’shaughnessy purchased 575 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were purchased at an average price of $174.54 per share, for a total transaction of $100,360.50. Following the completion of the acquisition, the director now directly owns 1,479 shares in the company, valued at approximately $258,144.66. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Barry R. Goldman sold 906 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $177.47, for a total transaction of $160,787.82. Following the sale, the senior vice president now owns 4,749 shares in the company, valued at approximately $842,805.03. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Acuity Brands Price Performance
Shares of NYSE AYI opened at $178.97 on Friday. Acuity Brands, Inc. has a 1 year low of $142.71 and a 1 year high of $224.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 1.19. The company’s 50-day moving average is $167.34 and its 200 day moving average is $176.21. The stock has a market capitalization of $5.85 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.52 and a beta of 1.58.
Acuity Brands (NYSE:AYI – Get Rating) last announced its quarterly earnings results on Thursday, June 30th. The electronics maker reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.50. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $988.15 million. Acuity Brands had a net margin of 9.43% and a return on equity of 19.77%. Acuity Brands’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.62 earnings per share. On average, sell-side analysts expect that Acuity Brands, Inc. will post 11.52 earnings per share for the current year.
Acuity Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, July 14th. Acuity Brands’s dividend payout ratio (DPR) is presently 5.01%.
Analyst Ratings Changes
Several research analysts have recently issued reports on AYI shares. Oppenheimer restated an “outperform” rating and issued a $210.00 target price on shares of Acuity Brands in a report on Tuesday, July 5th. William Blair cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Thursday, June 23rd. Robert W. Baird raised their target price on shares of Acuity Brands from $188.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, July 1st. StockNews.com upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 9th. Finally, Cowen decreased their price objective on shares of Acuity Brands to $225.00 in a report on Monday, July 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Acuity Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.57.
About Acuity Brands
Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.
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