Mutual of America Capital Management LLC Has $3.93 Million Position in Acuity Brands, Inc. (NYSE:AYI)

Mutual of America Capital Management LLC reduced its stake in Acuity Brands, Inc. (NYSE:AYI) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,170 shares of the electronics maker’s stock after selling 1,151 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Acuity Brands were worth $3,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in shares of Acuity Brands by 77.3% during the fourth quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Acuity Brands during the 4th quarter worth approximately $33,000. Dark Forest Capital Management LP acquired a new stake in Acuity Brands in the 1st quarter valued at $41,000. Global Retirement Partners LLC boosted its stake in shares of Acuity Brands by 85.7% during the 4th quarter. Global Retirement Partners LLC now owns 221 shares of the electronics maker’s stock worth $50,000 after buying an additional 102 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Acuity Brands by 20.0% in the third quarter. Parkside Financial Bank & Trust now owns 402 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analysts Forecast Growth

AYI has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Acuity Brands from $236.00 to $286.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Oppenheimer boosted their price objective on shares of Acuity Brands from $250.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th. Wells Fargo & Company upped their price objective on Acuity Brands from $260.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their target price on Acuity Brands from $227.00 to $261.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Two research 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. Based on data from MarketBeat.com, Acuity Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.25.

Insider Activity at Acuity Brands

In other Acuity Brands news, SVP Dianne S. Mills sold 6,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $225.11, for a total transaction of $1,350,660.00. Following the transaction, the senior vice president now owns 8,554 shares in the company, valued at approximately $1,925,590.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Karen J. Holcom sold 7,745 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $262.24, for a total value of $2,031,048.80. Following the completion of the transaction, the chief financial officer now directly owns 20,287 shares in the company, valued at approximately $5,320,062.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dianne S. Mills sold 6,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $225.11, for a total transaction of $1,350,660.00. Following the sale, the senior vice president now owns 8,554 shares in the company, valued at approximately $1,925,590.94. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Acuity Brands Price Performance

NYSE:AYI opened at $251.68 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.59. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.81 and a beta of 1.49. Acuity Brands, Inc. has a 52 week low of $149.30 and a 52 week high of $272.74. The firm’s 50-day simple moving average is $255.34 and its 200 day simple moving average is $215.69.

Acuity Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be given a $0.15 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Acuity Brands’s payout ratio is 5.02%.

Acuity Brands Company Profile

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.