Amalgamated Bank Trims Stock Position in Acuity Brands, Inc. (NYSE:AYI)

Amalgamated Bank lessened its stake in Acuity Brands, Inc. (NYSE:AYIGet Rating) by 3.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 24,209 shares of the electronics maker’s stock after selling 847 shares during the quarter. Amalgamated Bank’s holdings in Acuity Brands were worth $4,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AYI. Wellington Management Group LLP grew its stake in Acuity Brands by 19.3% in the 1st quarter. Wellington Management Group LLP now owns 1,208,990 shares of the electronics maker’s stock worth $228,862,000 after buying an additional 195,515 shares in the last quarter. Millennium Management LLC grew its stake in Acuity Brands by 213.8% in the 4th quarter. Millennium Management LLC now owns 205,346 shares of the electronics maker’s stock worth $43,476,000 after buying an additional 139,898 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Acuity Brands by 114.8% in the 4th quarter. Nuveen Asset Management LLC now owns 197,169 shares of the electronics maker’s stock worth $41,745,000 after buying an additional 105,372 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Acuity Brands by 1,252.4% in the 1st quarter. Panagora Asset Management Inc. now owns 84,468 shares of the electronics maker’s stock worth $15,990,000 after buying an additional 78,222 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Acuity Brands by 19.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 465,933 shares of the electronics maker’s stock worth $88,201,000 after buying an additional 75,468 shares in the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Acuity Brands Trading Down 0.6 %

NYSE:AYI opened at $162.07 on Wednesday. The company has a fifty day moving average of $172.34 and a 200 day moving average of $172.69. Acuity Brands, Inc. has a 52 week low of $142.71 and a 52 week high of $224.59. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.30 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.35 and a beta of 1.59.

Acuity Brands (NYSE:AYIGet Rating) last posted its quarterly earnings results on Thursday, June 30th. The electronics maker reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.50. Acuity Brands had a net margin of 9.43% and a return on equity of 19.77%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $988.15 million. During the same period in the prior year, the business posted $2.62 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. On average, research analysts predict that Acuity Brands, Inc. will post 11.47 earnings per share for the current year.

Acuity Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Friday, July 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, July 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. Acuity Brands’s dividend payout ratio is currently 5.01%.

Insider Activity at Acuity Brands

In other news, Director Laura O’shaughnessy purchased 575 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was bought at an average cost of $174.54 per share, for a total transaction of $100,360.50. Following the acquisition, the director now directly owns 1,479 shares of the company’s stock, valued at approximately $258,144.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Acuity Brands news, CFO Karen J. Holcom sold 5,438 shares of the company’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $154.20, for a total value of $838,539.60. Following the completion of the transaction, the chief financial officer now directly owns 17,138 shares in the company, valued at approximately $2,642,679.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laura O’shaughnessy acquired 575 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was bought at an average price of $174.54 per share, with a total value of $100,360.50. Following the completion of the acquisition, the director now directly owns 1,479 shares in the company, valued at approximately $258,144.66. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AYI shares. William Blair cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 23rd. Oppenheimer reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Acuity Brands in a research note on Tuesday, August 30th. Credit Suisse Group cut their price objective on shares of Acuity Brands from $241.00 to $211.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. Robert W. Baird upped their price objective on shares of Acuity Brands from $188.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, July 1st. Finally, StockNews.com raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 9th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Acuity Brands has an average rating of “Moderate Buy” and an average target price of $210.57.

About Acuity Brands

(Get Rating)

Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.

Read More

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands, Inc. (NYSE:AYIGet Rating).

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

Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.