Oregon Public Employees Retirement Fund boosted its stake in Acuity Brands Inc (NYSE:AYI) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,600 shares of the electronics maker’s stock after buying an additional 654 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Acuity Brands were worth $1,816,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its position in Acuity Brands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 2,327 shares of the electronics maker’s stock worth $473,000 after buying an additional 6 shares in the last quarter. QS Investors LLC raised its holdings in shares of Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 7 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Acuity Brands by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,024 shares of the electronics maker’s stock valued at $818,000 after purchasing an additional 15 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of Acuity Brands by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 3,301 shares of the electronics maker’s stock valued at $671,000 after purchasing an additional 35 shares in the last quarter. Finally, Lakeview Capital Partners LLC raised its holdings in shares of Acuity Brands by 3.8% during the 2nd quarter. Lakeview Capital Partners LLC now owns 1,506 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 55 shares in the last quarter.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the sale, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.
Acuity Brands Inc (NYSE AYI) opened at $163.53 on Tuesday. Acuity Brands Inc has a 12 month low of $153.28 and a 12 month high of $261.43. The company has a quick ratio of 1.53, a current ratio of 2.07 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6,740.51, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.68 and a beta of 1.44.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The company had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $2.21 EPS. equities analysts anticipate that Acuity Brands Inc will post 8.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were given a $0.13 dividend. The ex-dividend date was Tuesday, October 17th. This represents a $0.52 annualized dividend and a yield of 0.32%. Acuity Brands’s dividend payout ratio is 6.99%.
A number of research analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Acuity Brands in a report on Friday, October 13th. They set a “sector weight” rating on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Wolfe Research downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Seaport Global Securities restated a “buy” rating and set a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Finally, Roth Capital set a $130.00 price target on shares of Acuity Brands and gave the company a “sell” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Acuity Brands presently has a consensus rating of “Hold” and an average price target of $197.17.
About Acuity Brands
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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