Andra AP fonden boosted its holdings in Acuity Brands, Inc. (NYSE:AYI) by 144.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,000 shares of the electronics maker’s stock after acquiring an additional 36,600 shares during the quarter. Andra AP fonden owned 0.15% of Acuity Brands worth $7,184,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Captrust Financial Advisors increased its stake in shares of Acuity Brands by 280.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock worth $136,000 after purchasing an additional 864 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Acuity Brands by 72.2% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock worth $161,000 after purchasing an additional 583 shares in the last quarter. Eagle Boston Investment Management Inc. purchased a new stake in shares of Acuity Brands in the 2nd quarter worth $206,000. ING Groep NV purchased a new stake in Acuity Brands in the 2nd quarter worth $218,000. Finally, First Republic Investment Management Inc. purchased a new stake in Acuity Brands in the 2nd quarter worth $219,000.
Shares of NYSE:AYI traded up $3.33 during trading on Friday, reaching $122.77. The company’s stock had a trading volume of 954,226 shares, compared to its average volume of 832,329. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. Acuity Brands, Inc. has a 12 month low of $109.98 and a 12 month high of $186.99. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.80 and a beta of 1.40.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.55 earnings per share. As a group, equities analysts forecast that Acuity Brands, Inc. will post 8.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 18th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.42%. The ex-dividend date is Wednesday, October 17th. Acuity Brands’s payout ratio is currently 6.53%.
A number of equities research analysts have issued reports on AYI shares. Goldman Sachs Group lowered Acuity Brands from a “neutral” rating to a “sell” rating and cut their price target for the stock from $141.00 to $126.00 in a research note on Wednesday, September 12th. Robert W. Baird upgraded Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price target for the company in a research note on Friday, September 7th. ValuEngine lowered Acuity Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. JMP Securities set a $170.00 price objective on Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, September 12th. Finally, Wells Fargo & Co upgraded Acuity Brands from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $140.00 to $187.00 in a research report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $150.89.
About Acuity Brands
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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