Acuity Brands, Inc. (NYSE:AYI) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $192.18.
AYI has been the subject of several research analyst reports. KeyCorp initiated coverage on Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating for the company. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $198.00 price objective on shares of Acuity Brands in a report on Tuesday, January 9th. Williams Capital lowered Acuity Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $204.00 to $175.00 in a report on Wednesday, January 10th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Acuity Brands in a report on Thursday, January 11th.
A number of large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its holdings in Acuity Brands by 34.3% during the third quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock valued at $151,866,000 after purchasing an additional 226,605 shares during the period. American Century Companies Inc. grew its holdings in Acuity Brands by 3.4% during the fourth quarter. American Century Companies Inc. now owns 805,320 shares of the electronics maker’s stock valued at $141,736,000 after purchasing an additional 26,130 shares during the period. Wells Fargo & Company MN grew its holdings in Acuity Brands by 645.9% during the fourth quarter. Wells Fargo & Company MN now owns 571,392 shares of the electronics maker’s stock valued at $100,564,000 after purchasing an additional 494,788 shares during the period. Impax Asset Management LTD grew its holdings in Acuity Brands by 29.4% during the third quarter. Impax Asset Management LTD now owns 410,325 shares of the electronics maker’s stock valued at $70,280,000 after purchasing an additional 93,328 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Acuity Brands by 4.3% during the third quarter. Eagle Asset Management Inc. now owns 382,456 shares of the electronics maker’s stock valued at $65,048,000 after purchasing an additional 15,928 shares during the period.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The business had revenue of $842.80 million during the quarter, compared to analysts’ expectations of $883.97 million. research analysts expect that Acuity Brands will post 9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, January 19th. Acuity Brands’s dividend payout ratio is presently 7.14%.
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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.
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