Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Acuity Brands, Inc. (NYSE:AYI) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,297 shares of the electronics maker’s stock after selling 1,571 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Acuity Brands were worth $1,988,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. QS Investors LLC lifted its stake in Acuity Brands by 1.2% in the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 7 shares in the last quarter. First Bank & Trust lifted its stake in Acuity Brands by 183.7% in the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after purchasing an additional 483 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Acuity Brands in the 4th quarter worth $151,000. Shelton Capital Management purchased a new stake in Acuity Brands in the 2nd quarter worth $233,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Acuity Brands in the 3rd quarter worth $206,000.
Several brokerages have commented on AYI. Seaport Global Securities reiterated a “neutral” rating on shares of Acuity Brands in a research note on Thursday, January 11th. Wells Fargo & Co reiterated a “market perform” rating and issued a $175.00 price target (down previously from $185.00) on shares of Acuity Brands in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Williams Capital cut shares of Acuity Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $204.00 to $175.00 in a research note on Wednesday, January 10th. Finally, Robert W. Baird restated a “hold” rating and set a $198.00 target price on shares of Acuity Brands in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $196.23.
Shares of Acuity Brands, Inc. (NYSE AYI) opened at $147.05 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.65 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6,200.00, a PE ratio of 20.20, a PEG ratio of 1.49 and a beta of 1.28. Acuity Brands, Inc. has a 1 year low of $141.77 and a 1 year high of $225.36.
Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.16). The business had revenue of $842.80 million for the quarter, compared to analysts’ expectations of $883.97 million. Acuity Brands had a net margin of 8.91% and a return on equity of 20.08%. sell-side analysts anticipate that Acuity Brands, Inc. will post 9 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Friday, January 19th. Acuity Brands’s dividend payout ratio is 7.14%.
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Acuity Brands Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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