Acuity Brands, Inc. (NYSE:AYI) Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC grew its position in Acuity Brands, Inc. (NYSE:AYI) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,771 shares of the electronics maker’s stock after acquiring an additional 978 shares during the quarter. Riverbridge Partners LLC owned about 0.83% of Acuity Brands worth $44,585,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Acuity Brands by 62.1% in the third quarter. State of Alaska Department of Revenue now owns 7,092 shares of the electronics maker’s stock valued at $955,000 after acquiring an additional 2,717 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in shares of Acuity Brands in the second quarter valued at approximately $569,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Acuity Brands by 184.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,329 shares of the electronics maker’s stock valued at $5,562,000 after acquiring an additional 26,158 shares during the period. Hancock Whitney Corp acquired a new stake in shares of Acuity Brands in the second quarter valued at approximately $4,784,000. Finally, Boston Partners acquired a new stake in shares of Acuity Brands in the second quarter valued at approximately $1,939,000. 92.91% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AYI opened at $122.02 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 1.85. The stock has a fifty day moving average price of $127.67 and a 200 day moving average price of $132.55. Acuity Brands, Inc. has a 1-year low of $103.48 and a 1-year high of $147.44. The company has a market cap of $4.87 billion, a PE ratio of 13.56, a P/E/G ratio of 1.22 and a beta of 1.57.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.12. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. The firm had revenue of $938.10 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $2.68 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Analysts anticipate that Acuity Brands, Inc. will post 9.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Thursday, October 17th. Acuity Brands’s dividend payout ratio is presently 5.78%.

Several research firms have recently weighed in on AYI. Oppenheimer decreased their price objective on Acuity Brands from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. ValuEngine downgraded Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Wells Fargo & Co decreased their price objective on Acuity Brands from $155.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Roth Capital set a $95.00 price objective on Acuity Brands and gave the company a “sell” rating in a report on Wednesday, July 3rd. Finally, CIBC increased their price objective on Acuity Brands from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $143.22.

Acuity Brands 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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