Triodos Investment Management BV grew its position in Acuity Brands, Inc. (NYSE:AYI) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,800 shares of the electronics maker’s stock after purchasing an additional 800 shares during the period. Acuity Brands makes up 4.2% of Triodos Investment Management BV’s holdings, making the stock its 10th largest position. Triodos Investment Management BV’s holdings in Acuity Brands were worth $16,687,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Guinness Asset Management Ltd increased its holdings in shares of Acuity Brands by 2.4% in the second quarter. Guinness Asset Management Ltd now owns 3,480 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 80 shares during the period. Zions Bancorporation N.A. increased its holdings in shares of Acuity Brands by 5.4% in the second quarter. Zions Bancorporation N.A. now owns 1,609 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 82 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Acuity Brands by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,305 shares of the electronics maker’s stock valued at $870,000 after purchasing an additional 85 shares during the period. World Asset Management Inc grew its holdings in Acuity Brands by 4.3% during the second quarter. World Asset Management Inc now owns 2,426 shares of the electronics maker’s stock worth $335,000 after acquiring an additional 99 shares during the period. Finally, Advisor Group Inc. grew its holdings in Acuity Brands by 3.5% during the second quarter. Advisor Group Inc. now owns 2,921 shares of the electronics maker’s stock worth $402,000 after acquiring an additional 99 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.
AYI has been the topic of several analyst reports. Oppenheimer lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 16th. Wells Fargo & Co dropped their target price on Acuity Brands from $155.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Zacks Investment Research raised their target price on Acuity Brands to $139.50 in a report on Monday, October 21st. JMP Securities dropped their target price on Acuity Brands from $166.00 to $160.00 and set a “market outperform” rating on the stock in a report on Friday, October 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group dropped their target price on Acuity Brands from $154.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Acuity Brands presently has a consensus rating of “Hold” and a consensus price target of $134.39.
Acuity Brands stock traded down $0.06 during midday trading on Friday, hitting $128.08. 220,286 shares of the company were exchanged, compared to its average volume of 398,327. The firm has a market capitalization of $5.23 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. Acuity Brands, Inc. has a fifty-two week low of $103.48 and a fifty-two week high of $147.44. The business has a fifty day simple moving average of $126.29 and a two-hundred day simple moving average of $131.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.85 and a current ratio of 2.42.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.12. The company had revenue of $938.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. Acuity Brands’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.68 earnings per share. As a group, equities analysts expect that Acuity Brands, Inc. will post 9.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.52 dividend on an annualized basis and a yield of 0.41%. Acuity Brands’s dividend payout ratio is currently 5.78%.
Acuity Brands Company 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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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