3,676 Shares in Acuity Brands, Inc. (NYSE:AYI) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,676 shares of the electronics maker’s stock, valued at approximately $626,000.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp boosted its holdings in shares of Acuity Brands by 3.3% during the 3rd quarter. SouthState Corp now owns 1,854 shares of the electronics maker’s stock worth $316,000 after buying an additional 60 shares in the last quarter. Fifth Third Bancorp increased its position in Acuity Brands by 37.5% in the 2nd quarter. Fifth Third Bancorp now owns 231 shares of the electronics maker’s stock valued at $38,000 after buying an additional 63 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Acuity Brands by 1.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,464 shares of the electronics maker’s stock worth $891,000 after purchasing an additional 64 shares during the period. Cetera Investment Advisers raised its holdings in Acuity Brands by 4.3% during the first quarter. Cetera Investment Advisers now owns 1,660 shares of the electronics maker’s stock worth $303,000 after buying an additional 68 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Acuity Brands by 0.4% in the 3rd quarter. Amalgamated Bank now owns 20,973 shares of the electronics maker’s stock valued at $3,572,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 95.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. Wells Fargo & Company raised their price target on shares of Acuity Brands from $200.00 to $236.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.80.

Read Our Latest Research Report on Acuity Brands

Insider Activity at Acuity Brands

In related news, SVP Barry R. Goldman sold 1,900 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 8,611 shares in the company, valued at $1,946,172.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Acuity Brands news, SVP Dianne S. Mills sold 6,000 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $225.11, for a total transaction of $1,350,660.00. Following the transaction, the senior vice president now directly owns 8,554 shares in the company, valued at $1,925,590.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Barry R. Goldman sold 1,900 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 8,611 shares of the company’s stock, valued at $1,946,172.11. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Acuity Brands Stock Performance

NYSE AYI opened at $240.30 on Monday. The company’s 50 day simple moving average is $215.23 and its two-hundred day simple moving average is $184.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.45 and a quick ratio of 1.85. Acuity Brands, Inc. has a 1 year low of $149.30 and a 1 year high of $244.16. The stock has a market capitalization of $7.41 billion, a PE ratio of 20.56, a P/E/G ratio of 1.75 and a beta of 1.50.

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

Acuity Brands Increases Dividend

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

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.

See Also

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

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