Acuity Brands, Inc. (NYSE:AYI) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its stake in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 900.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250 shares of the electronics maker’s stock after buying an additional 225 shares during the quarter. Assetmark Inc.’s holdings in Acuity Brands were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in Acuity Brands by 77.3% in the fourth quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 58 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Acuity Brands during the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC grew its holdings in Acuity Brands by 85.7% in the fourth quarter. Global Retirement Partners LLC now owns 221 shares of the electronics maker’s stock valued at $50,000 after purchasing an additional 102 shares during the last quarter. Signaturefd LLC boosted its position in shares of Acuity Brands by 508.9% in the 4th quarter. Signaturefd LLC now owns 341 shares of the electronics maker’s stock worth $70,000 after buying an additional 285 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Acuity Brands by 37.2% in the 4th quarter. Quadrant Capital Group LLC now owns 343 shares of the electronics maker’s stock valued at $70,000 after acquiring an additional 93 shares during the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity Brands Stock Performance

NYSE AYI opened at $259.74 on Friday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.75 and a beta of 1.47. Acuity Brands, Inc. has a 1-year low of $149.30 and a 1-year high of $272.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.59 and a quick ratio of 1.96. The business’s 50-day simple moving average is $259.61 and its 200-day simple moving average is $234.91.

Acuity Brands (NYSE:AYIGet Free Report) last released its quarterly earnings data on Wednesday, April 3rd. The electronics maker reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.23. The business had revenue of $905.90 million for the quarter, compared to analyst estimates of $897.01 million. Acuity Brands had a return on equity of 21.22% and a net margin of 9.81%. Equities analysts predict that Acuity Brands, Inc. will post 14.48 EPS for the current year.

Acuity Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. Acuity Brands’s payout ratio is currently 5.02%.

Insider Activity at Acuity Brands

In related news, CFO Karen J. Holcom sold 7,745 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the sale, 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 document filed with the SEC, which is accessible through this link. In related news, CFO Karen J. Holcom sold 7,745 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the sale, 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 document filed with the SEC, which is accessible through this link. Also, Director Maya Leibman bought 200 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average price of $248.91 per share, for a total transaction of $49,782.00. Following the completion of the acquisition, the director now owns 200 shares in the company, valued at approximately $49,782. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on AYI

Acuity Brands Company Profile

(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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