Acuity Brands, Inc. (AYI) Position Cut by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX decreased its position in Acuity Brands, Inc. (NYSE:AYI) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,703 shares of the electronics maker’s stock after selling 984 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Acuity Brands were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in Acuity Brands by 661.1% in the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after buying an additional 476 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after buying an additional 58 shares during the period. QS Investors LLC lifted its holdings in Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after buying an additional 7 shares during the period. First Bank & Trust lifted its holdings in Acuity Brands by 183.7% in the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock valued at $128,000 after buying an additional 483 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Acuity Brands by 14.2% in the second quarter. Raymond James Trust N.A. now owns 1,129 shares of the electronics maker’s stock valued at $229,000 after purchasing an additional 140 shares in the last quarter.

Shares of Acuity Brands, Inc. (AYI) opened at $161.49 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6,905.53, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44. Acuity Brands, Inc. has a 52 week low of $153.28 and a 52 week high of $225.36.

Acuity Brands (NYSE:AYI) last posted its earnings results on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. equities research analysts predict that Acuity Brands, Inc. will post 9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, January 19th. Acuity Brands’s payout ratio is presently 7.14%.

Several research firms have weighed in on AYI. JMP Securities raised shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target for the company in a research note on Tuesday, October 3rd. KeyCorp began coverage on shares of Acuity Brands in a research note on Friday, October 13th. They issued a “sector weight” rating for the company. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Wolfe Research downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Finally, Roth Capital set a $130.00 price target on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $196.23.

In other news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the sale, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

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

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