Acuity Brands, Inc. (AYI) Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in Acuity Brands, Inc. (NYSE:AYI) by 3,434.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 95,534 shares of the electronics maker’s stock after purchasing an additional 92,831 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.24% of Acuity Brands worth $15,018,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Acuity Brands by 45.8% in the 2nd quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock valued at $479,730,000 after purchasing an additional 1,300,971 shares during the last quarter. FMR LLC lifted its stake in Acuity Brands by 10.7% in the 2nd 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 last quarter. American Century Companies Inc. lifted its stake in Acuity Brands by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 1,032,424 shares of the electronics maker’s stock valued at $162,297,000 after purchasing an additional 116,800 shares during the last quarter. Vulcan Value Partners LLC lifted its stake in Acuity Brands by 94.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 888,340 shares of the electronics maker’s stock valued at $102,932,000 after purchasing an additional 432,385 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Acuity Brands by 40.7% in the 2nd 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 last quarter.

Several equities research analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Acuity Brands in a research note on Friday, October 12th. They issued a “neutral” rating and a $135.00 target price for the company. JMP Securities set a $170.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 4th. Robert W. Baird set a $175.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 4th. Wells Fargo & Co cut their target price on shares of Acuity Brands from $187.00 to $161.00 and set an “outperform” rating for the company in a research note on Thursday, October 4th. Finally, Cowen set a $180.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $150.89.

Acuity Brands stock opened at $126.94 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.40 and a beta of 1.54. The company has a current ratio of 1.77, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. Acuity Brands, Inc. has a twelve month low of $109.98 and a twelve month high of $186.99.

Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.12. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 EPS. As a group, equities analysts forecast that Acuity Brands, Inc. will post 8.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Thursday, October 18th were issued a $0.13 dividend. The ex-dividend date was Wednesday, October 17th. This represents a $0.52 annualized dividend and a yield of 0.41%. Acuity Brands’s dividend payout ratio is currently 6.33%.

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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 controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

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