Monarch Partners Asset Management LLC purchased a new position in shares of Acuity Brands, Inc. (NYSE:AYI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,476 shares of the electronics maker’s stock, valued at approximately $10,308,000. Acuity Brands makes up 1.6% of Monarch Partners Asset Management LLC’s holdings, making the stock its 17th largest holding. Monarch Partners Asset Management LLC owned about 0.19% of Acuity Brands as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Guinness Asset Management Ltd increased its holdings in shares of Acuity Brands by 2.4% during the second quarter. Guinness Asset Management Ltd now owns 3,480 shares of the electronics maker’s stock worth $480,000 after buying an additional 80 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in Acuity Brands by 5.4% in the second quarter. Zions Bancorporation N.A. now owns 1,609 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 82 shares during the period. Janney Montgomery Scott LLC increased its holdings in Acuity Brands by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,305 shares of the electronics maker’s stock valued at $870,000 after purchasing an additional 85 shares during the period. World Asset Management Inc increased its holdings in Acuity Brands by 4.3% in the second quarter. World Asset Management Inc now owns 2,426 shares of the electronics maker’s stock valued at $335,000 after purchasing an additional 99 shares during the period. Finally, Advisor Group Inc. increased its holdings in Acuity Brands by 3.5% in the second quarter. Advisor Group Inc. now owns 2,921 shares of the electronics maker’s stock valued at $402,000 after purchasing an additional 99 shares during the period. Institutional investors own 92.90% of the company’s stock.
Acuity Brands stock traded down $0.06 during trading hours on Friday, reaching $128.08. 222,872 shares of the company’s stock were exchanged, compared to its average volume of 398,327. The company has a quick ratio of 1.85, a current ratio of 2.42 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $126.44 and its 200 day simple moving average is $131.53. Acuity Brands, Inc. has a twelve month low of $103.48 and a twelve month high of $147.44. The firm has a market capitalization of $5.23 billion, a PE ratio of 14.23, a PEG ratio of 1.37 and a beta of 1.52.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.12. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. The firm had revenue of $938.10 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $2.68 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. Analysts anticipate that Acuity Brands, Inc. will post 9.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.52 dividend on an annualized basis and a yield of 0.41%. Acuity Brands’s payout ratio is currently 5.78%.
AYI has been the subject of a number of recent research reports. William Blair restated a “hold” rating on shares of Acuity Brands in a report on Tuesday, September 24th. Credit Suisse Group decreased their price objective on Acuity Brands from $154.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Oppenheimer downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 16th. Zacks Investment Research increased their price objective on Acuity Brands to $139.50 in a report on Monday, October 21st. Finally, Robert W. Baird downgraded 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 report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $134.39.
Acuity Brands Company 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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