Swiss National Bank trimmed its position in shares of Acuity Brands, Inc. (NYSE:AYI – Get Rating) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,500 shares of the electronics maker’s stock after selling 300 shares during the period. Swiss National Bank owned approximately 0.25% of Acuity Brands worth $12,708,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Cooke & Bieler LP raised its holdings in shares of Acuity Brands by 129.3% during the 2nd quarter. Cooke & Bieler LP now owns 567,839 shares of the electronics maker’s stock worth $87,470,000 after buying an additional 320,225 shares in the last quarter. Wellington Management Group LLP grew its position in Acuity Brands by 19.3% in the first quarter. Wellington Management Group LLP now owns 1,208,990 shares of the electronics maker’s stock valued at $228,862,000 after acquiring an additional 195,515 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Acuity Brands by 1,252.4% during the first quarter. Panagora Asset Management Inc. now owns 84,468 shares of the electronics maker’s stock worth $15,990,000 after acquiring an additional 78,222 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Acuity Brands by 19.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 465,933 shares of the electronics maker’s stock worth $88,201,000 after acquiring an additional 75,468 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Acuity Brands by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 3,313,389 shares of the electronics maker’s stock valued at $627,225,000 after purchasing an additional 60,541 shares in the last quarter. 94.70% of the stock is owned by institutional investors.
Analyst Ratings Changes
AYI has been the subject of a number of research analyst reports. Cowen lowered their price objective on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, October 5th. Robert W. Baird boosted their price objective on Acuity Brands from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 5th. StockNews.com initiated coverage on Acuity Brands in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Wells Fargo & Company boosted their price target on Acuity Brands from $181.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 5th. Finally, Cowen dropped their price objective on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating for the company in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Acuity Brands currently has a consensus rating of “Moderate Buy” and an average target price of $205.43.
Acuity Brands Trading Up 2.2 %
Acuity Brands (NYSE:AYI – Get Rating) last posted its quarterly earnings data on Tuesday, October 4th. The electronics maker reported $3.95 EPS for the quarter, beating the consensus estimate of $3.61 by $0.34. Acuity Brands had a net margin of 9.59% and a return on equity of 20.76%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $3.05 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts predict that Acuity Brands, Inc. will post 12.47 EPS for the current fiscal year.
Acuity Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 17th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, October 14th. Acuity Brands’s dividend payout ratio is currently 4.67%.
About Acuity Brands
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, RELOC Wiring Solutions, and OPTOTRONIC brands.
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