Advisors Asset Management Inc. Has $549,000 Position in Acuity Brands, Inc. (AYI)

Advisors Asset Management Inc. reduced its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 59.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,323 shares of the electronics maker’s stock after selling 3,438 shares during the period. Advisors Asset Management Inc.’s holdings in Acuity Brands were worth $549,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ariel Investments LLC raised its stake in shares of Acuity Brands by 1.3% in the second quarter. Ariel Investments LLC now owns 31,063 shares of the electronics maker’s stock worth $3,599,000 after acquiring an additional 400 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Acuity Brands by 24.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock worth $274,000 after acquiring an additional 470 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Acuity Brands by 6.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,322 shares of the electronics maker’s stock worth $1,158,000 after acquiring an additional 491 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Acuity Brands by 26.3% in the second quarter. Tyers Asset Management LLC now owns 2,768 shares of the electronics maker’s stock worth $321,000 after acquiring an additional 576 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Acuity Brands by 22.4% in the second quarter. Riverhead Capital Management LLC now owns 3,189 shares of the electronics maker’s stock worth $370,000 after acquiring an additional 583 shares during the last quarter.

AYI opened at $129.05 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.32 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.40. Acuity Brands, Inc. has a fifty-two week low of $109.98 and a fifty-two week high of $186.99.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.12. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. Acuity Brands had a net margin of 9.28% and a return on equity of 20.49%. Acuity Brands’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.55 earnings per share. On average, equities research analysts anticipate that Acuity Brands, Inc. will post 8.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, October 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is 6.53%.

AYI has been the subject of a number of research analyst reports. Cowen set a $180.00 target price on shares of Acuity Brands and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Goldman Sachs Group downgraded shares of Acuity Brands from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $141.00 to $126.00 in a research note on Wednesday, September 12th. JMP Securities set a $170.00 target price on shares of Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 4th. Finally, Robert W. Baird set a $175.00 target price on shares of Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Acuity Brands currently has an average rating of “Hold” and an average target price of $152.88.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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

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