Triodos Investment Management BV increased its holdings in Acuity Brands, Inc. (NYSE:AYI) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,800 shares of the electronics maker’s stock after purchasing an additional 800 shares during the period. Acuity Brands accounts for 4.2% of Triodos Investment Management BV’s holdings, making the stock its 10th biggest holding. Triodos Investment Management BV owned 0.31% of Acuity Brands worth $16,687,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Alps Advisors Inc. increased its position in shares of Acuity Brands by 35.1% during the 3rd quarter. Alps Advisors Inc. now owns 37,161 shares of the electronics maker’s stock valued at $5,009,000 after purchasing an additional 9,645 shares during the last quarter. CNB Bank increased its position in shares of Acuity Brands by 231.2% during the 3rd quarter. CNB Bank now owns 669 shares of the electronics maker’s stock valued at $90,000 after purchasing an additional 467 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Acuity Brands during the 3rd quarter valued at approximately $10,308,000. Gabelli Funds LLC increased its position in shares of Acuity Brands by 3.9% during the 3rd quarter. Gabelli Funds LLC now owns 29,300 shares of the electronics maker’s stock valued at $3,949,000 after purchasing an additional 1,100 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of Acuity Brands by 47.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 3,396 shares of the electronics maker’s stock valued at $458,000 after purchasing an additional 1,089 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on AYI. Robert W. Baird downgraded Acuity Brands from an “outperform” rating to a “neutral” rating and cut their target price for the company from $148.00 to $126.00 in a research report on Wednesday, October 16th. William Blair reissued a “hold” rating on shares of Acuity Brands in a research report on Tuesday, September 24th. Oppenheimer downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 16th. Credit Suisse Group cut their target price on Acuity Brands from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, ValuEngine downgraded Acuity Brands from a “sell” rating to a “strong sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Acuity Brands currently has an average rating of “Hold” and an average target price of $134.39.
Acuity Brands stock traded down $0.06 during mid-day trading on Friday, hitting $128.08. The company’s stock had a trading volume of 220,286 shares, compared to its average volume of 398,327. 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 PE ratio of 14.23, a P/E/G ratio of 1.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.85 and a current ratio of 2.42. Acuity Brands, Inc. has a one year low of $103.48 and a one year high of $147.44.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 2nd. The electronics maker reported $2.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.12. The company had revenue of $938.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. Acuity Brands’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.68 EPS. On average, equities research analysts forecast that Acuity Brands, Inc. will post 9.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is presently 5.78%.
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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