CIBC Private Wealth Group LLC Buys 4,263 Shares of Acuity Brands, Inc. (NYSE:AYI)

CIBC Private Wealth Group LLC raised its stake in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,135 shares of the electronics maker’s stock after acquiring an additional 4,263 shares during the period. CIBC Private Wealth Group LLC’s holdings in Acuity Brands were worth $2,895,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Acuity Brands by 77.3% during the 4th quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. EdgeRock Capital LLC bought a new stake in shares of Acuity Brands during the 4th quarter worth $29,000. Global Retirement Partners LLC raised 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 purchasing an additional 102 shares during the period. Assetmark Inc. raised its stake in shares of Acuity Brands by 900.0% during the 4th quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 225 shares during the period. Finally, Evermay Wealth Management LLC bought a new stake in shares of Acuity Brands during the 4th quarter worth $61,000. 98.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AYI. Oppenheimer lifted their target price on Acuity Brands from $250.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their target price on Acuity Brands from $260.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. 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. StockNews.com raised Acuity Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. Finally, Robert W. Baird lifted their price objective on Acuity Brands from $236.00 to $286.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Acuity Brands currently has an average rating of “Moderate Buy” and an average price target of $289.25.

View Our Latest Analysis on Acuity Brands

Acuity Brands Trading Down 0.3 %

Shares of AYI opened at $251.14 on Friday. The business has a 50-day moving average of $258.00 and a 200 day moving average of $237.34. Acuity Brands, Inc. has a fifty-two week low of $154.72 and a fifty-two week high of $272.74. The firm has a market cap of $7.74 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.59.

Acuity Brands (NYSE:AYIGet Free Report) last posted its earnings results on Wednesday, April 3rd. The electronics maker reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.23. The business had revenue of $905.90 million during 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%. As a group, research analysts forecast 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. Shareholders of record on Wednesday, April 17th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, April 16th. Acuity Brands’s payout ratio is presently 5.02%.

Insider Buying and Selling at Acuity Brands

In other Acuity Brands news, CFO Karen J. Holcom sold 7,745 shares of Acuity Brands 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 completion of the transaction, the chief financial officer now owns 20,287 shares of the company’s stock, valued at approximately $5,320,062.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Karen J. Holcom sold 7,745 shares of Acuity Brands 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 completion of the sale, the chief financial officer now owns 20,287 shares in the company, valued at approximately $5,320,062.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maya Leibman purchased 200 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were acquired at an average price of $248.91 per share, with a total value of $49,782.00. Following the transaction, the director now owns 200 shares in the company, valued at approximately $49,782. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Acuity Brands 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.

Further Reading

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

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