Gabelli Funds LLC lessened its position in Acuity Brands Inc (NYSE:AYI) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,700 shares of the electronics maker’s stock after selling 1,000 shares during the quarter. Gabelli Funds LLC’s holdings in Acuity Brands were worth $2,860,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Acuity Brands by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,299,432 shares of the electronics maker’s stock worth $873,989,000 after acquiring an additional 117,422 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Acuity Brands by 12.8% in the 2nd quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after acquiring an additional 484,537 shares during the last quarter. Standard Life Investments LTD lifted its holdings in shares of Acuity Brands by 24.9% in the 2nd quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after acquiring an additional 356,199 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of Acuity Brands by 19.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after acquiring an additional 231,406 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Acuity Brands by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,391,291 shares of the electronics maker’s stock worth $282,740,000 after acquiring an additional 11,248 shares during the last quarter.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
Acuity Brands Inc (AYI) opened at $163.53 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $6,740.51, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. Acuity Brands Inc has a 12-month low of $153.28 and a 12-month high of $261.43.
Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $957.60 million for the quarter, compared to the consensus estimate of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 EPS. equities research analysts expect that Acuity Brands Inc will post 8.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is 6.99%.
Several equities research analysts have recently issued reports on AYI shares. Wells Fargo & Company lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $225.00 to $185.00 in a report on Friday, September 15th. KeyCorp started coverage on shares of Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating for the company. BidaskClub lowered shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. JMP Securities upgraded shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 target price for the company in a report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $197.17.
Acuity Brands 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.
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