Financial Counselors Inc. lifted its stake in Acuity Brands, Inc. (NYSE:AYI) by 87.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,632 shares of the electronics maker’s stock after purchasing an additional 4,963 shares during the quarter. Financial Counselors Inc.’s holdings in Acuity Brands were worth $1,671,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in Acuity Brands by 280.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock worth $136,000 after buying an additional 864 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in Acuity Brands by 72.2% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock worth $161,000 after buying an additional 583 shares during the last quarter. Eagle Boston Investment Management Inc. purchased a new position in Acuity Brands during the 2nd quarter worth approximately $206,000. Capital Investment Advisory Services LLC purchased a new position in Acuity Brands during the 3rd quarter worth approximately $214,000. Finally, ING Groep NV purchased a new position in Acuity Brands during the 2nd quarter worth approximately $218,000.
NYSE:AYI opened at $131.01 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.05 billion, a PE ratio of 15.94, a PEG ratio of 1.36 and a beta of 1.54. Acuity Brands, Inc. has a 1-year low of $109.98 and a 1-year high of $186.99.
Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.12. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.55 EPS. Analysts expect that Acuity Brands, Inc. will post 8.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is 6.33%.
A number of equities analysts have issued reports on the stock. ValuEngine lowered shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. JMP Securities set a $170.00 price target on shares of Acuity Brands and gave the stock a “buy” rating in a research report on Thursday, October 4th. Goldman Sachs Group lowered shares of Acuity Brands from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $141.00 to $126.00 in a research report on Wednesday, September 12th. Cowen set a $180.00 price target on shares of Acuity Brands and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group assumed coverage on shares of Acuity Brands in a research report on Friday, October 12th. They set a “neutral” rating and a $135.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Acuity Brands presently 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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