Acuity Brands Inc (NYSE:AYI) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its position in Acuity Brands Inc (NYSE:AYI) by 47.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,607 shares of the electronics maker’s stock after buying an additional 3,411 shares during the period. Aperio Group LLC’s holdings in Acuity Brands were worth $2,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AYI. UBS Asset Management Americas Inc. boosted its stake in shares of Acuity Brands by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 104,821 shares of the electronics maker’s stock worth $24,198,000 after buying an additional 728 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Acuity Brands by 91.4% in the fourth quarter. Macquarie Group Ltd. now owns 58,500 shares of the electronics maker’s stock worth $13,505,000 after buying an additional 27,929 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Acuity Brands by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 38,023 shares of the electronics maker’s stock worth $7,757,000 after buying an additional 996 shares during the last quarter. Creative Planning boosted its stake in shares of Acuity Brands by 2.1% in the first quarter. Creative Planning now owns 3,186 shares of the electronics maker’s stock worth $650,000 after buying an additional 66 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Acuity Brands by 1.9% in the first quarter. Gulf International Bank UK Ltd now owns 13,225 shares of the electronics maker’s stock worth $2,697,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 95.15% of the company’s stock.

Acuity Brands Inc (NYSE:AYI) traded down 0.59% on Friday, hitting $180.09. 134,282 shares of the stock were exchanged. The company has a 50 day moving average of $198.40 and a 200 day moving average of $192.02. The stock has a market capitalization of $7.76 billion, a P/E ratio of 25.12 and a beta of 1.41. Acuity Brands Inc has a one year low of $157.33 and a one year high of $280.89.

Acuity Brands (NYSE:AYI) last announced its earnings results on Thursday, June 29th. The electronics maker reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.12. Acuity Brands had a net margin of 9.04% and a return on equity of 19.89%. The business had revenue of $891.60 million during the quarter, compared to analysts’ expectations of $878.66 million. During the same quarter in the prior year, the company posted $2.06 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Acuity Brands Inc will post $8.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, July 14th. Acuity Brands’s payout ratio is 7.24%.

Acuity Brands announced that its Board of Directors has approved a share repurchase plan on Thursday, June 29th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the electronics maker to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: “Acuity Brands Inc (NYSE:AYI) Shares Bought by Aperio Group LLC” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.com-unik.info/2017/08/18/aperio-group-llc-raises-stake-in-acuity-brands-inc-nyseayi-updated.html.

AYI has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $215.00 price objective (down previously from $245.00) on shares of Acuity Brands in a research note on Tuesday, May 30th. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating and set a $193.00 price objective for the company in a research note on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $200.00 price objective (up previously from $196.00) on shares of Acuity Brands in a research note on Tuesday, June 6th. Robert W. Baird reaffirmed an “outperform” rating and issued a $206.00 price objective (down previously from $210.00) on shares of Acuity Brands in a research note on Monday, June 19th. Finally, Roth Capital set a $150.00 price objective on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Acuity Brands has a consensus rating of “Hold” and a consensus target price of $219.00.

In related news, EVP Mark A. Black sold 5,427 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $205.29, for a total transaction of $1,114,108.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter C. Browning sold 970 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $200.05, for a total transaction of $194,048.50. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $200,050. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

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.

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

What are top analysts saying about Acuity Brands Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Acuity Brands Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit