Acuity Brands, Inc. (AYI) Shares Bought by ING Groep NV

ING Groep NV lifted its stake in Acuity Brands, Inc. (NYSE:AYI) by 27.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,708 shares of the electronics maker’s stock after buying an additional 370 shares during the quarter. ING Groep NV’s holdings in Acuity Brands were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AYI. American Century Companies Inc. lifted its holdings in shares of Acuity Brands by 68.1% in the third quarter. American Century Companies Inc. now owns 779,190 shares of the electronics maker’s stock worth $133,460,000 after buying an additional 315,610 shares in the last quarter. Alyeska Investment Group L.P. increased its position in Acuity Brands by 34.3% in the third quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock worth $151,866,000 after purchasing an additional 226,605 shares during the last quarter. Impax Asset Management LTD increased its position in Acuity Brands by 29.4% in the third quarter. Impax Asset Management LTD now owns 410,325 shares of the electronics maker’s stock worth $70,280,000 after purchasing an additional 93,328 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Acuity Brands by 38.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 228,620 shares of the electronics maker’s stock worth $39,159,000 after purchasing an additional 63,424 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Acuity Brands by 613.7% in the third quarter. Point72 Asset Management L.P. now owns 67,800 shares of the electronics maker’s stock worth $11,613,000 after purchasing an additional 58,300 shares during the last quarter.

Acuity Brands, Inc. (NYSE AYI) opened at $148.81 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.65 and a current ratio of 2.23. Acuity Brands, Inc. has a 1 year low of $141.77 and a 1 year high of $225.36. The firm has a market cap of $6,371.80, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Friday, January 19th. Acuity Brands’s dividend payout ratio (DPR) is 7.14%.

Several equities research analysts recently weighed in on AYI shares. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Williams Capital cut shares of Acuity Brands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $204.00 to $175.00 in a research report on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and issued a $198.00 price target on shares of Acuity Brands in a research report on Tuesday, January 9th. Seaport Global Securities restated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $175.00 price target (down previously from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $196.23.

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Acuity Brands Company 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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