Amalgamated Bank Sells 847 Shares of Acuity Brands, Inc. (NYSE:AYI)

Amalgamated Bank cut its stake in shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,209 shares of the electronics maker’s stock after selling 847 shares during the quarter. Amalgamated Bank owned approximately 0.07% of Acuity Brands worth $4,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Acuity Brands by 1.9% during the first quarter. Vanguard Group Inc. now owns 3,313,389 shares of the electronics maker’s stock worth $627,225,000 after acquiring an additional 60,541 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Acuity Brands by 0.9% during the first quarter. BlackRock Inc. now owns 2,982,396 shares of the electronics maker’s stock valued at $564,568,000 after buying an additional 25,598 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Acuity Brands by 19.3% during the first quarter. Wellington Management Group LLP now owns 1,208,990 shares of the electronics maker’s stock valued at $228,862,000 after buying an additional 195,515 shares during the last quarter. State Street Corp grew its holdings in shares of Acuity Brands by 4.2% during the first quarter. State Street Corp now owns 959,447 shares of the electronics maker’s stock valued at $181,623,000 after buying an additional 38,316 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Acuity Brands by 2.4% during the first quarter. American Century Companies Inc. now owns 886,062 shares of the electronics maker’s stock valued at $167,732,000 after buying an additional 21,116 shares during the last quarter. 94.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Acuity Brands Stock Down 0.6 %

Acuity Brands stock opened at $162.07 on Wednesday. The stock has a market cap of $5.30 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.19 and a current ratio of 1.86. Acuity Brands, Inc. has a fifty-two week low of $142.71 and a fifty-two week high of $224.59. The firm’s 50-day simple moving average is $172.34 and its 200 day simple moving average is $172.69.

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

Acuity Brands Announces Dividend

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

Analyst Ratings Changes

AYI has been the subject of a number of analyst reports. StockNews.com upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 9th. William Blair cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Thursday, June 23rd. Cowen reduced their price objective on shares of Acuity Brands to $225.00 in a report on Monday, July 4th. Robert W. Baird lifted their price objective on shares of Acuity Brands from $188.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, July 1st. Finally, Credit Suisse Group cut their price target on shares of Acuity Brands from $241.00 to $211.00 and set an “outperform” rating on the stock in a report on Monday, June 27th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Acuity Brands has a consensus rating of “Moderate Buy” and an average price target of $210.57.

Acuity Brands Company Profile

(Get Rating)

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.

Read More

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

Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.