AGF Investments Inc. Sells 1,360 Shares of Acuity Brands, Inc. (AYI)

AGF Investments Inc. reduced its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 36.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the electronics maker’s stock after selling 1,360 shares during the quarter. AGF Investments Inc.’s holdings in Acuity Brands were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AYI. 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 valued at $120,000 after acquiring an additional 7 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Acuity Brands by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,934 shares of the electronics maker’s stock valued at $10,557,000 after acquiring an additional 1,745 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Acuity Brands by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 14,940 shares of the electronics maker’s stock valued at $3,037,000 after acquiring an additional 3,044 shares during the last quarter. Sentry Investment Management LLC increased its stake in shares of Acuity Brands by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 3,301 shares of the electronics maker’s stock valued at $671,000 after acquiring an additional 35 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Acuity Brands in the 3rd quarter valued at about $593,000.

Shares of Acuity Brands, Inc. (AYI) opened at $151.14 on Friday. Acuity Brands, Inc. has a 52 week low of $141.77 and a 52 week high of $225.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.65 and a current ratio of 2.23. The stock has a market capitalization of $6,370.00, a P/E ratio of 20.76, a P/E/G ratio of 1.53 and a beta of 1.28.

Acuity Brands (NYSE:AYI) last posted its earnings results on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The business had revenue of $842.80 million for the quarter, compared to the consensus estimate of $883.97 million. analysts anticipate that Acuity Brands, Inc. will post 9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Monday, January 22nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.34%. Acuity Brands’s payout ratio is 7.14%.

AYI has been the subject of a number of recent analyst reports. Williams Capital cut Acuity Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $204.00 to $175.00 in a research note on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $198.00 price target on shares of Acuity Brands in a research note on Tuesday, January 9th. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $175.00 price target (down from $185.00) on shares of Acuity Brands in a research note on Wednesday, January 10th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Acuity Brands in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $196.23.

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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.

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

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