Mount Yale Investment Advisors LLC Has $299,000 Holdings in Acuity Brands, Inc. (NYSE:AYI)

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Mount Yale Investment Advisors LLC lifted its stake in Acuity Brands, Inc. (NYSE:AYI) by 6,525.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,584 shares of the electronics maker’s stock after buying an additional 2,545 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Acuity Brands were worth $299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ariel Investments LLC lifted its stake in shares of Acuity Brands by 1.3% in the 2nd 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 period. Raymond James Financial Services Advisors Inc. lifted 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 valued at $274,000 after purchasing an additional 470 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of Acuity Brands by 11.4% in the first quarter. Glen Harbor Capital Management LLC now owns 4,658 shares of the electronics maker’s stock valued at $648,000 after purchasing an additional 476 shares during the period. Nomura Holdings Inc. lifted its stake in shares of Acuity Brands by 14.6% in the second quarter. Nomura Holdings Inc. now owns 3,841 shares of the electronics maker’s stock valued at $445,000 after purchasing an additional 489 shares during the period. Finally, PNC Financial Services Group Inc. lifted 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 valued at $1,158,000 after purchasing an additional 491 shares during the period.

Shares of NYSE AYI traded up $3.33 during trading on Friday, reaching $122.77. 954,226 shares of the stock were exchanged, compared to its average volume of 832,329. Acuity Brands, Inc. has a twelve month low of $109.98 and a twelve month high of $186.99. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.32 billion, a P/E ratio of 15.42, a PEG ratio of 1.80 and a beta of 1.40.

Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.12. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a net margin of 9.28% and a return on equity of 20.49%. The business’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 company posted $2.55 earnings per share. On average, research analysts expect that Acuity Brands, Inc. will post 8.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Thursday, October 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 17th. This represents a $0.52 annualized dividend and a yield of 0.42%. Acuity Brands’s payout ratio is 6.53%.

Several equities analysts have weighed in on AYI shares. Credit Suisse Group initiated coverage on shares of Acuity Brands in a report on Friday. They set a “neutral” rating and a $135.00 price target for the company. JMP Securities set a $170.00 price target on shares of Acuity Brands and gave the stock a “buy” rating in a report on Thursday, October 4th. Robert W. Baird set a $175.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a report on Thursday, October 4th. Wells Fargo & Co lowered their target price on shares of Acuity Brands from $187.00 to $161.00 and set an “outperform” rating for the company in a report on Thursday, October 4th. Finally, Cowen set a $180.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $150.89.

Acuity Brands 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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