Symmetry Partners LLC reduced its stake in Acuity Brands, Inc. (NYSE:AYI) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,890 shares of the electronics maker’s stock after selling 155 shares during the period. Symmetry Partners LLC’s holdings in Acuity Brands were worth $255,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Acuity Brands by 2.1% in the 2nd quarter. US Bancorp DE now owns 12,877 shares of the electronics maker’s stock valued at $1,775,000 after purchasing an additional 264 shares in the last quarter. First Quadrant L P CA boosted its position in Acuity Brands by 49.7% in the 2nd quarter. First Quadrant L P CA now owns 12,326 shares of the electronics maker’s stock valued at $1,700,000 after buying an additional 4,094 shares during the last quarter. Seeyond boosted its position in Acuity Brands by 21.3% in the 2nd quarter. Seeyond now owns 5,440 shares of the electronics maker’s stock valued at $750,000 after buying an additional 954 shares during the last quarter. M.D. Sass Investors Services Inc. boosted its position in Acuity Brands by 7.2% in the 2nd quarter. M.D. Sass Investors Services Inc. now owns 26,110 shares of the electronics maker’s stock valued at $3,601,000 after buying an additional 1,760 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Acuity Brands by 187.5% in the 2nd quarter. Aperio Group LLC now owns 25,556 shares of the electronics maker’s stock valued at $3,525,000 after buying an additional 16,666 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.
NYSE:AYI traded down $0.06 on Friday, reaching $128.08. The stock had a trading volume of 220,286 shares, compared to its average volume of 398,327. The company has a current ratio of 2.42, a quick ratio of 1.85 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $126.29 and a 200 day moving average of $131.46. The stock has a market cap of $5.23 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. Acuity Brands, Inc. has a 12-month low of $103.48 and a 12-month high of $147.44.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.63 by $0.12. Acuity Brands had a net margin of 9.00% and a return on equity of 19.50%. The business had revenue of $938.10 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $2.68 earnings per share. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, equities analysts predict that Acuity Brands, Inc. will post 9.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. Acuity Brands’s payout ratio is 5.78%.
A number of equities analysts have weighed in on the stock. ValuEngine cut shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research report on Friday. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $148.00 to $126.00 in a research report on Wednesday, October 16th. Credit Suisse Group decreased their price objective on shares of Acuity Brands from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. William Blair reissued a “hold” rating on shares of Acuity Brands in a research report on Tuesday, September 24th. Finally, Oppenheimer cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $134.39.
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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