Acuity Brands, Inc. (NYSE:AYI) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) by 1.4% in the first quarter, Holdings Channel reports. The firm owned 4,710 shares of the electronics maker’s stock after selling 66 shares during the period. US Bancorp DE’s holdings in Acuity Brands were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. increased its position in Acuity Brands by 2.4% during the 1st quarter. American Century Companies Inc. now owns 886,062 shares of the electronics maker’s stock worth $167,732,000 after purchasing an additional 21,116 shares in the last quarter. Geode Capital Management LLC grew its position in Acuity Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 472,054 shares of the electronics maker’s stock valued at $99,943,000 after acquiring an additional 25,336 shares in the last quarter. Millennium Management LLC grew its position in Acuity Brands by 213.8% in the fourth quarter. Millennium Management LLC now owns 205,346 shares of the electronics maker’s stock valued at $43,476,000 after acquiring an additional 139,898 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Acuity Brands by 5.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 201,898 shares of the electronics maker’s stock valued at $42,745,000 after acquiring an additional 10,020 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Acuity Brands by 0.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 197,447 shares of the electronics maker’s stock valued at $41,803,000 after acquiring an additional 1,141 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AYI shares. Credit Suisse Group lowered their price objective on shares of Acuity Brands from $241.00 to $211.00 and set an “outperform” rating for the company in a research report on Monday, June 27th. StockNews.com raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 9th. William Blair downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 23rd. Oppenheimer reissued an “outperform” rating and set a $210.00 price target on shares of Acuity Brands in a research report on Tuesday, August 30th. Finally, Cowen decreased their price target on shares of Acuity Brands to $225.00 in a research report on Monday, July 4th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.57.

Acuity Brands Stock Performance

Shares of AYI opened at $160.31 on Wednesday. The business’s fifty day moving average price is $170.33 and its 200 day moving average price is $174.51. Acuity Brands, Inc. has a 12-month low of $142.71 and a 12-month high of $224.59. The stock has a market capitalization of $5.24 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 1.19.

Acuity Brands (NYSE:AYIGet Rating) last announced its quarterly earnings data on Thursday, June 30th. The electronics maker reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.50. Acuity Brands had a return on equity of 19.77% and a net margin of 9.43%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $988.15 million. During the same period last year, the business posted $2.62 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts forecast that Acuity Brands, Inc. will post 11.47 EPS for the current year.

Acuity Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Friday, July 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, July 14th. Acuity Brands’s payout ratio is 5.01%.

Insider Buying and Selling at Acuity Brands

In related news, Director Laura O’shaughnessy bought 575 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were bought at an average cost of $174.54 per share, for a total transaction of $100,360.50. Following the completion of the purchase, the director now owns 1,479 shares of the company’s stock, valued at approximately $258,144.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Karen J. Holcom sold 5,438 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $154.20, for a total transaction of $838,539.60. Following the transaction, the chief financial officer now directly owns 17,138 shares of the company’s stock, valued at $2,642,679.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura O’shaughnessy purchased 575 shares of the stock in a transaction dated Thursday, July 28th. The shares were acquired at an average cost of $174.54 per share, for a total transaction of $100,360.50. Following the completion of the acquisition, the director now directly owns 1,479 shares of the company’s stock, valued at approximately $258,144.66. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Acuity Brands Profile

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Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.

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

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