Riverbridge Partners LLC increased its holdings in shares of Acuity Brands Inc (NYSE:AYI) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 342,809 shares of the electronics maker’s stock after buying an additional 5,050 shares during the period. Riverbridge Partners LLC owned about 0.82% of Acuity Brands worth $58,716,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after buying an additional 476 shares during the period. Seven Bridges Advisors LLC bought a new position in Acuity Brands during the 2nd quarter worth approximately $117,000. YorkBridge Wealth Partners LLC raised its holdings in Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after purchasing an additional 58 shares during the last quarter. QS Investors LLC raised its holdings in Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 7 shares during the last quarter. Finally, Israel Discount Bank of New York raised its holdings in Acuity Brands by 32.3% during the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 150 shares during the last quarter.
Several research analysts have issued reports on AYI shares. Seaport Global Securities restated a “buy” rating and set a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. BidaskClub lowered shares of Acuity Brands from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wolfe Research lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Finally, Wells Fargo & Company lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $225.00 to $185.00 in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Acuity Brands presently has an average rating of “Hold” and an average target price of $197.17.
Acuity Brands Inc (NYSE AYI) traded up $3.86 during trading hours on Monday, hitting $165.93. 64,081 shares of the stock traded hands, compared to its average volume of 677,552. The company has a market cap of $6,820.04, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.25. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The company had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. During the same period in the prior year, the business earned $2.21 earnings per share. Acuity Brands’s quarterly revenue was up 3.5% on a year-over-year basis. analysts forecast that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, October 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.31%. Acuity Brands’s payout ratio is 6.99%.
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.
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