Oregon Public Employees Retirement Fund Reduces Holdings in Acuity Brands, Inc. (NYSE:AYI)

Oregon Public Employees Retirement Fund reduced its stake in Acuity Brands, Inc. (NYSE:AYI) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,505 shares of the electronics maker’s stock after selling 344 shares during the quarter. Oregon Public Employees Retirement Fund owned approximately 0.05% of Acuity Brands worth $2,828,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Acuity Brands by 1.6% in the 1st quarter. BlackRock Inc. now owns 4,223,948 shares of the electronics maker’s stock valued at $506,914,000 after buying an additional 66,251 shares in the last quarter. FIL Ltd lifted its stake in Acuity Brands by 2.5% during the 1st quarter. FIL Ltd now owns 624,895 shares of the electronics maker’s stock worth $74,993,000 after acquiring an additional 15,431 shares in the last quarter. Geode Capital Management LLC lifted its stake in Acuity Brands by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 493,854 shares of the electronics maker’s stock worth $56,738,000 after acquiring an additional 20,542 shares in the last quarter. Norges Bank acquired a new position in Acuity Brands during the 4th quarter worth about $55,635,000. Finally, Dimensional Fund Advisors LP lifted its stake in Acuity Brands by 42.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 401,655 shares of the electronics maker’s stock worth $46,170,000 after acquiring an additional 119,548 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.

In other Acuity Brands news, Director Ray M. Robinson sold 2,363 shares of Acuity Brands stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $130.15, for a total value of $307,544.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

A number of equities research analysts have issued reports on the company. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Robert W. Baird set a $8.00 price target on SRC Energy and gave the company a “buy” rating in a research report on Thursday, April 4th. Roth Capital set a $7.00 price target on Arcimoto and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $36.00 price target on shares of Brookfield Renewable Partners in a research report on Thursday, April 4th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $149.90.

Shares of AYI traded up $2.55 during mid-day trading on Tuesday, reaching $133.62. The company’s stock had a trading volume of 10,325 shares, compared to its average volume of 596,813. Acuity Brands, Inc. has a 12-month low of $103.48 and a 12-month high of $173.01. The firm has a market capitalization of $5.26 billion, a PE ratio of 16.26, a PEG ratio of 1.38 and a beta of 1.67. The company has a current ratio of 2.19, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $132.73.

Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.16. The firm had revenue of $947.60 million for the quarter, compared to the consensus estimate of $969.48 million. Acuity Brands had a return on equity of 19.90% and a net margin of 9.02%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 EPS. Sell-side analysts forecast that Acuity Brands, Inc. will post 9.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, July 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. Acuity Brands’s dividend payout ratio is presently 6.33%.

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

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