Cim Investment Mangement Inc. trimmed its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,580 shares of the electronics maker’s stock after selling 952 shares during the quarter. Cim Investment Mangement Inc.’s holdings in Acuity Brands were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Acuity Brands by 10.7% during the second quarter. FMR LLC now owns 2,397,045 shares of the electronics maker’s stock valued at $277,745,000 after purchasing an additional 231,932 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Acuity Brands by 40.7% during the second quarter. Bank of New York Mellon Corp now owns 522,921 shares of the electronics maker’s stock valued at $60,591,000 after purchasing an additional 151,295 shares during the period. United Services Automobile Association boosted its stake in shares of Acuity Brands by 4.6% during the second quarter. United Services Automobile Association now owns 29,575 shares of the electronics maker’s stock valued at $3,427,000 after purchasing an additional 1,291 shares during the period. Atria Investments LLC purchased a new stake in shares of Acuity Brands during the third quarter valued at $230,000. Finally, Bank of Montreal Can boosted its stake in shares of Acuity Brands by 39.5% during the third quarter. Bank of Montreal Can now owns 164,601 shares of the electronics maker’s stock valued at $25,876,000 after purchasing an additional 46,629 shares during the period. 99.02% of the stock is owned by institutional investors.
Shares of Acuity Brands stock opened at $125.56 on Monday. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.35 and a beta of 1.57. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.20. Acuity Brands, Inc. has a one year low of $103.48 and a one year high of $173.01.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, January 9th. The electronics maker reported $2.32 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.30. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The business had revenue of $932.60 million during the quarter, compared to the consensus estimate of $920.39 million. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate that Acuity Brands, Inc. will post 8.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Friday, January 18th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, January 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. Acuity Brands’s dividend payout ratio (DPR) is currently 6.33%.
A number of analysts have recently issued reports on AYI shares. Wells Fargo & Co lowered their target price on shares of Acuity Brands from $161.00 to $159.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. Oppenheimer lowered their target price on shares of Acuity Brands from $170.00 to $166.00 in a research note on Friday, January 11th. Roth Capital set a $90.00 price objective on Acuity Brands and gave the company a “sell” rating in a report on Friday, January 4th. Credit Suisse Group restated a “market perform” rating and issued a $128.00 price objective (down from $135.00) on shares of Acuity Brands in a report on Thursday, January 3rd. Finally, Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $149.44.
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Acuity Brands Profile
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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