13,443 Shares in Acuity Brands, Inc. (AYI) Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP acquired a new stake in shares of Acuity Brands, Inc. (NYSE:AYI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,443 shares of the electronics maker’s stock, valued at approximately $2,366,000.

Several other large investors have also made changes to their positions in AYI. American Century Companies Inc. grew its position in shares of Acuity Brands by 68.1% during the 3rd quarter. American Century Companies Inc. now owns 779,190 shares of the electronics maker’s stock valued at $133,460,000 after buying an additional 315,610 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of Acuity Brands by 19.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock valued at $287,363,000 after buying an additional 231,406 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Acuity Brands by 34.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock valued at $151,866,000 after buying an additional 226,605 shares during the last quarter. Impax Asset Management LTD grew its position in shares of Acuity Brands by 29.4% during the 3rd quarter. Impax Asset Management LTD now owns 410,325 shares of the electronics maker’s stock valued at $70,280,000 after buying an additional 93,328 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Acuity Brands by 38.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,620 shares of the electronics maker’s stock valued at $39,159,000 after buying an additional 63,424 shares during the last quarter.

AYI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Williams Capital downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating and lowered their price objective for the company from $204.00 to $175.00 in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and set a $198.00 price objective on shares of Acuity Brands in a research report on Tuesday, January 9th. Seaport Global Securities restated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $175.00 target price (down previously from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $196.23.

Acuity Brands, Inc. (NYSE AYI) opened at $145.22 on Tuesday. Acuity Brands, Inc. has a 1 year low of $144.15 and a 1 year high of $225.36. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. The company has a market cap of $6,321.63, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

Acuity Brands (NYSE:AYI) last posted its earnings results on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The firm had revenue of $842.80 million during the quarter, compared to the consensus estimate of $883.97 million. sell-side analysts forecast that Acuity Brands, Inc. will post 9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, January 19th. Acuity Brands’s dividend payout ratio is currently 7.14%.

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

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