First Trust Advisors LP lifted its stake in Acuity Brands Inc (NYSE:AYI) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,347 shares of the electronics maker’s stock after buying an additional 10,097 shares during the period. First Trust Advisors LP owned about 0.10% of Acuity Brands worth $7,082,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Handelsbanken Fonder AB raised its holdings in shares of Acuity Brands by 22.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 53,916 shares of the electronics maker’s stock worth $9,235,000 after buying an additional 10,000 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Acuity Brands by 46.2% in the 3rd quarter. Fox Run Management L.L.C. now owns 1,900 shares of the electronics maker’s stock worth $325,000 after buying an additional 600 shares in the last quarter. BB&T Corp raised its holdings in shares of Acuity Brands by 141.2% in the 3rd quarter. BB&T Corp now owns 4,209 shares of the electronics maker’s stock worth $721,000 after buying an additional 2,464 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of Acuity Brands by 17.6% in the 3rd quarter. APG Asset Management N.V. now owns 30,023 shares of the electronics maker’s stock worth $5,142,000 after buying an additional 4,500 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Acuity Brands in the 3rd quarter worth approximately $593,000.
A number of equities research analysts recently commented on AYI shares. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $200.00 price target (down from $230.00) on shares of Acuity Brands in a research report on Tuesday, October 10th. Seaport Global Securities restated a “buy” rating and set a $200.00 price target (down from $225.00) on shares of Acuity Brands in a research report on Friday, October 6th. BidaskClub lowered Acuity Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Company lowered Acuity Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $225.00 to $185.00 in a research report on Friday, September 15th. Finally, JMP Securities upgraded Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target on the stock in a research report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $197.17.
In other news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total value of $1,200,382.12. Following the transaction, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.
Acuity Brands Inc (NYSE AYI) opened at $163.53 on Tuesday. The company has a market capitalization of $6,740.51, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53. Acuity Brands Inc has a 12-month low of $153.28 and a 12-month high of $261.43.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. During the same period last year, the company earned $2.21 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. equities research analysts predict that Acuity Brands Inc will post 8.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.32%. Acuity Brands’s dividend payout ratio is currently 6.99%.
Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands Inc (NYSE:AYI).
Receive News & Ratings for Acuity Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.