Shell Asset Management Co. Trims Stock Holdings in Acuity Brands, Inc. (NYSE:AYI)

Shell Asset Management Co. decreased its holdings in Acuity Brands, Inc. (NYSE:AYIFree Report) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,582 shares of the electronics maker’s stock after selling 80 shares during the quarter. Shell Asset Management Co.’s holdings in Acuity Brands were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AYI. Raymond James & Associates boosted its position in shares of Acuity Brands by 6.2% in the 1st quarter. Raymond James & Associates now owns 20,688 shares of the electronics maker’s stock worth $3,916,000 after purchasing an additional 1,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Acuity Brands by 3.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,834 shares of the electronics maker’s stock worth $2,429,000 after acquiring an additional 379 shares during the period. BlackRock Inc. lifted its position in Acuity Brands by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,982,396 shares of the electronics maker’s stock worth $564,568,000 after acquiring an additional 25,598 shares during the period. APG Asset Management N.V. acquired a new stake in Acuity Brands during the 1st quarter worth about $1,395,000. Finally, Great West Life Assurance Co. Can lifted its position in Acuity Brands by 9.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 19,747 shares of the electronics maker’s stock worth $3,850,000 after acquiring an additional 1,647 shares during the period. Institutional investors and hedge funds own 95.58% of the company’s stock.

Acuity Brands Stock Performance

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

Acuity Brands (NYSE:AYIGet Free Report) last released its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.49. The business had revenue of $934.70 million during the quarter, compared to analyst estimates of $935.14 million. Acuity Brands had a return on equity of 21.43% and a net margin of 9.56%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $3.04 EPS. On average, equities analysts forecast that Acuity Brands, Inc. will post 13.73 earnings per share for the current year.

Acuity Brands Increases Dividend

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

Insider Buying and Selling at Acuity Brands

In other Acuity Brands news, SVP Dianne S. Mills sold 6,000 shares of Acuity Brands 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 completion of the transaction, the senior vice president now owns 8,554 shares in the company, valued at approximately $1,925,590.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Barry R. Goldman sold 1,900 shares of Acuity Brands stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $226.01, for a total value of $429,419.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Also, SVP Dianne S. Mills sold 6,000 shares of Acuity Brands stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $225.11, for a total value of $1,350,660.00. Following the completion of the transaction, the senior vice president now 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. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

AYI has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Acuity Brands from $200.00 to $236.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. StockNews.com cut Acuity Brands from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.80.

Check Out Our Latest Stock Report on AYI

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.

Read More

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands, Inc. (NYSE:AYIFree Report).

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.