Swiss National Bank grew its stake in Acuity Brands, Inc. (NYSE:AYI) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,400 shares of the electronics maker’s stock after acquiring an additional 1,800 shares during the quarter. Swiss National Bank owned about 385,931.56% of Acuity Brands worth $27,816,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Acuity Brands by 661.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares during the last quarter. Seven Bridges Advisors LLC acquired a new stake in shares of Acuity Brands in the 2nd quarter worth $117,000. YorkBridge Wealth Partners LLC increased its stake in shares of Acuity Brands by 11.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares during the last quarter. QS Investors LLC increased its stake in shares of Acuity Brands by 1.2% in the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares during the last quarter. Finally, Israel Discount Bank of New York increased its stake in shares of Acuity Brands by 32.3% in the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares during the last quarter.
Acuity Brands, Inc. (AYI) opened at $161.82 on Friday. Acuity Brands, Inc. has a twelve month low of $153.28 and a twelve month high of $257.94. The company has a market capitalization of $6,920.00, a PE ratio of 20.59, a P/E/G ratio of 1.73 and a beta of 1.44. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. Acuity Brands had a return on equity of 22.68% and a net margin of 9.45%. The company had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. During the same period last year, the business posted $2.21 EPS. Acuity Brands’s revenue for the quarter was up 3.5% on a year-over-year basis. equities analysts anticipate that Acuity Brands, Inc. will post 8.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is 7.00%.
A number of equities analysts have recently weighed in on the company. Robert W. Baird cut Acuity Brands from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $212.00 to $178.00 in a report on Tuesday, September 19th. BidaskClub cut Acuity Brands from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Seaport Global Securities reiterated a “buy” rating and set a $200.00 price target (down from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $200.00 price target (down from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Finally, Wolfe Research cut Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $197.17.
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In related news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the transaction, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
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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