Acuity Brands, Inc. (NYSE:AYI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,724 shares of the electronics maker’s stock after purchasing an additional 453 shares during the quarter. Victory Capital Management Inc.’s holdings in Acuity Brands were worth $975,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AYI. Morgan Stanley grew its holdings in shares of Acuity Brands by 620.3% during the fourth quarter. Morgan Stanley now owns 1,197,721 shares of the electronics maker’s stock worth $198,355,000 after purchasing an additional 1,031,432 shares during the last quarter. Norges Bank purchased a new position in shares of Acuity Brands during the fourth quarter worth about $56,734,000. Pzena Investment Management LLC grew its holdings in shares of Acuity Brands by 112.5% during the second quarter. Pzena Investment Management LLC now owns 433,536 shares of the electronics maker’s stock worth $70,701,000 after buying an additional 229,495 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 worth $228,862,000 after buying an additional 195,515 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Acuity Brands by 96.7% during the second quarter. Jupiter Asset Management Ltd. now owns 347,601 shares of the electronics maker’s stock worth $56,680,000 after buying an additional 170,902 shares during the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

Insider Activity at Acuity Brands

In other news, SVP Barry R. Goldman sold 1,900 shares of Acuity Brands stock in a transaction that occurred on Wednesday, January 10th. The shares were 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 directly owns 8,611 shares in the company, valued at approximately $1,946,172.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Barry R. Goldman sold 1,900 shares of Acuity Brands stock in a transaction that occurred on Wednesday, January 10th. The shares were 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 directly owns 8,611 shares in the company, valued at approximately $1,946,172.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Dianne S. Mills sold 6,000 shares of Acuity Brands 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 sale, the senior vice president now owns 8,554 shares of the company’s stock, valued at $1,925,590.94. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Acuity Brands Price Performance

Shares of NYSE:AYI opened at $241.63 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 2.45 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.45 billion, a P/E ratio of 20.67, a PEG ratio of 1.75 and a beta of 1.50. Acuity Brands, Inc. has a 52 week low of $149.30 and a 52 week high of $244.16. The company has a 50-day moving average price of $216.38 and a 200 day moving average price of $185.32.

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

Acuity Brands Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. This is an increase from Acuity Brands’s previous quarterly dividend of $0.13. Acuity Brands’s dividend payout ratio (DPR) is presently 5.13%.

Analysts Set New Price Targets

AYI has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Acuity Brands from $200.00 to $236.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. StockNews.com lowered Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. Two equities research 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.com, Acuity Brands has an average rating of “Moderate Buy” and a consensus target price of $193.80.

View Our Latest Stock Analysis on Acuity Brands

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.

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

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