Acuity Brands, Inc. (NYSE:AYI) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 10.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,689 shares of the electronics maker’s stock after acquiring an additional 1,460 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Acuity Brands worth $3,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AYI. Raymond James & Associates lifted its position in Acuity Brands by 6.2% during the 1st quarter. Raymond James & Associates now owns 20,688 shares of the electronics maker’s stock worth $3,916,000 after acquiring an additional 1,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Acuity Brands by 3.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,834 shares of the electronics maker’s stock worth $2,429,000 after acquiring an additional 379 shares in the last quarter. BlackRock Inc. raised its position in shares of Acuity Brands by 0.9% in the 1st quarter. BlackRock Inc. now owns 2,982,396 shares of the electronics maker’s stock valued at $564,568,000 after purchasing an additional 25,598 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of Acuity Brands in the 1st quarter valued at approximately $1,395,000. Finally, Great West Life Assurance Co. Can raised its position in shares of Acuity Brands by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 19,747 shares of the electronics maker’s stock valued at $3,850,000 after purchasing an additional 1,647 shares in the last quarter. 98.21% of the stock is owned by institutional investors and hedge funds.

Acuity Brands Trading Down 1.3 %

NYSE:AYI opened at $261.81 on Wednesday. Acuity Brands, Inc. has a 1 year low of $149.30 and a 1 year high of $270.95. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.96 and a beta of 1.49. The business has a fifty day moving average of $250.34 and a 200-day moving average of $208.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.85 and a current ratio of 2.45.

Acuity Brands (NYSE:AYIGet Free Report) last released its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.49. Acuity Brands had a return on equity of 21.43% and a net margin of 9.56%. The company had revenue of $934.70 million during the quarter, compared to analysts’ expectations of $935.14 million. During the same quarter in the prior year, the business posted $3.04 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts predict that Acuity Brands, Inc. will post 13.72 earnings per share for the current year.

Acuity Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. Acuity Brands’s dividend payout ratio (DPR) is 5.13%.

Insider Activity

In other news, SVP Barry R. Goldman sold 1,900 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $226.01, for a total value of $429,419.00. Following the completion of the sale, the senior vice president now owns 8,611 shares in the company, valued at $1,946,172.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Dianne S. Mills sold 6,000 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $225.11, for a total value of $1,350,660.00. Following the completion of the sale, the senior vice president now owns 8,554 shares in the company, valued at $1,925,590.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Barry R. Goldman sold 1,900 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $226.01, for a total value of $429,419.00. Following the completion of the transaction, the senior vice president now owns 8,611 shares of the company’s stock, valued at approximately $1,946,172.11. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

AYI has been the topic of a number of recent analyst reports. Robert W. Baird upped their target price on Acuity Brands from $236.00 to $286.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th. Wells Fargo & Company upped their price objective on Acuity Brands from $200.00 to $236.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Finally, StockNews.com upgraded Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Acuity Brands presently has a consensus rating of “Moderate Buy” and an average target price of $215.00.

Get Our Latest Report on AYI

About Acuity Brands

(Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in 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 A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

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

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