Rosenblum Silverman Sutton S F Inc. CA cut its holdings in Acuity Brands Inc (NYSE:AYI) by 52.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,050 shares of the electronics maker’s stock after selling 7,670 shares during the quarter. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Acuity Brands were worth $1,208,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Acuity Brands by 2.8% in the second quarter. Vanguard Group Inc. now owns 4,299,432 shares of the electronics maker’s stock worth $873,989,000 after acquiring an additional 117,422 shares during the period. BlackRock Inc. lifted its stake in Acuity Brands by 12.8% in the second quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after acquiring an additional 484,537 shares during the period. Standard Life Investments LTD lifted its stake in Acuity Brands by 24.9% in the second quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after acquiring an additional 356,199 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in Acuity Brands by 19.6% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after acquiring an additional 231,406 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Acuity Brands by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 1,391,291 shares of the electronics maker’s stock worth $282,740,000 after acquiring an additional 11,248 shares during the period.
Acuity Brands Inc (AYI) traded up 1.35% during mid-day trading on Tuesday, hitting $167.72. 257,092 shares of the company’s stock traded hands. Acuity Brands Inc has a one year low of $153.28 and a one year high of $261.43. The firm’s 50-day moving average price is $167.06 and its 200-day moving average price is $179.27. The stock has a market cap of $7.03 billion, a PE ratio of 22.57 and a beta of 1.43.
Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. On average, analysts forecast that Acuity Brands Inc will post $9.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, October 17th. Acuity Brands’s payout ratio is 6.99%.
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AYI has been the subject of a number of research reports. Seaport Global Securities reaffirmed a “buy” rating and issued a $200.00 price objective (down from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $200.00 price objective (down from $230.00) on shares of Acuity Brands in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub lowered shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Company lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $225.00 to $185.00 in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $197.17.
Acuity Brands 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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