Barclays PLC Has $4.83 Million Position in Acuity Brands, Inc. (NYSE:AYI)

Barclays PLC lowered its position in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 21.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,375 shares of the electronics maker’s stock after selling 7,647 shares during the quarter. Barclays PLC owned approximately 0.09% of Acuity Brands worth $4,832,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Morgan Stanley boosted its stake in Acuity Brands by 620.3% in the fourth quarter. Morgan Stanley now owns 1,197,721 shares of the electronics maker’s stock valued at $198,355,000 after acquiring an additional 1,031,432 shares during the last quarter. Sound Shore Management Inc CT acquired a new stake in shares of Acuity Brands during the third quarter worth $61,001,000. Norges Bank acquired a new stake in shares of Acuity Brands during the fourth quarter worth $56,734,000. Pzena Investment Management LLC increased its holdings in Acuity Brands by 112.5% in the second quarter. Pzena Investment Management LLC now owns 433,536 shares of the electronics maker’s stock valued at $70,701,000 after purchasing an additional 229,495 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Acuity Brands by 19.3% in 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 period. Institutional investors and hedge funds own 95.58% of the company’s stock.

Acuity Brands Stock Performance

Shares of NYSE AYI opened at $240.48 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.85 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $215.23 and a 200-day moving average of $184.46. Acuity Brands, Inc. has a 12 month low of $149.30 and a 12 month high of $244.16. The company has a market capitalization of $7.41 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.72 and a beta of 1.50.

Acuity Brands (NYSE:AYIGet Free Report) last released its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.49. Acuity Brands had a net margin of 9.56% and a return on equity of 21.43%. The firm had revenue of $934.70 million for the quarter, compared to analysts’ expectations of $935.14 million. During the same period in the prior year, the firm earned $3.04 EPS. The business’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Acuity Brands, Inc. will post 13.73 EPS for the current year.

Acuity Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a dividend of $0.15 per share. This is a boost from Acuity Brands’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 2nd. This represents a $0.60 annualized dividend and a yield of 0.25%. Acuity Brands’s dividend payout ratio (DPR) is presently 5.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AYI shares. StockNews.com cut Acuity Brands from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of Acuity Brands from $200.00 to $236.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.80.

Read Our Latest Stock Analysis on AYI

Insider Activity

In other Acuity Brands news, SVP Barry R. Goldman sold 1,900 shares of Acuity Brands stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $226.01, for a total value of $429,419.00. Following the completion of the sale, the senior vice president now owns 8,611 shares in the company, valued at approximately $1,946,172.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Barry R. Goldman sold 1,900 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $226.01, for a total transaction of $429,419.00. Following the sale, the senior vice president now directly owns 8,611 shares of the company’s stock, valued at approximately $1,946,172.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Dianne S. Mills sold 6,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $225.11, for a total transaction of $1,350,660.00. Following the sale, the senior vice president now directly owns 8,554 shares of the company’s stock, valued at approximately $1,925,590.94. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Acuity Brands Profile

(Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in 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 A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

Further Reading

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

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