ETRADE Capital Management LLC Takes $248,000 Position in Acuity Brands, Inc. (AYI)

ETRADE Capital Management LLC acquired a new stake in Acuity Brands, Inc. (NYSE:AYI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,407 shares of the electronics maker’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in Acuity Brands during the fourth quarter worth about $151,000. Shelton Capital Management acquired a new position in Acuity Brands during the fourth quarter worth about $201,000. Fuller & Thaler Asset Management Inc. acquired a new position in Acuity Brands during the third quarter worth about $206,000. Montag & Caldwell LLC acquired a new position in shares of Acuity Brands in the fourth quarter valued at approximately $212,000. Finally, Amica Retiree Medical Trust acquired a new position in shares of Acuity Brands in the fourth quarter valued at approximately $218,000.

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AYI has been the subject of a number of recent analyst reports. Wells Fargo lowered their target price on shares of Acuity Brands from $157.00 to $140.00 and set a “market perform” rating for the company in a report on Thursday. Williams Capital decreased their target price on shares of Acuity Brands from $175.00 to $151.00 and set a “hold” rating for the company in a research note on Thursday. JMP Securities raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Thursday. Oppenheimer lowered their price target on shares of Acuity Brands from $175.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Acuity Brands presently has an average rating of “Hold” and an average target price of $178.08.

AYI stock traded down $1.38 during midday trading on Friday, hitting $131.83. The stock had a trading volume of 988,275 shares, compared to its average volume of 856,730. The stock has a market cap of $5,458.65, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33. Acuity Brands, Inc. has a 52 week low of $119.02 and a 52 week high of $208.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.15 and a quick ratio of 1.65.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.16). The company had revenue of $842.80 million for the quarter, compared to the consensus estimate of $883.97 million. Acuity Brands had a net margin of 9.68% and a return on equity of 20.56%. equities research analysts anticipate that Acuity Brands, Inc. will post 8.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%. Acuity Brands’s payout ratio is 6.53%.

Acuity Brands declared that its board has initiated a stock buyback program on Wednesday, April 4th that authorizes the company to buyback 6,000,000 shares. This buyback authorization authorizes the electronics maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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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.

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

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