Orion Portfolio Solutions LLC Decreases Stake in Acuity Brands, Inc. (NYSE:AYI)

Orion Portfolio Solutions LLC reduced its stake in Acuity Brands, Inc. (NYSE:AYIFree Report) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,190 shares of the electronics maker’s stock after selling 88 shares during the period. Orion Portfolio Solutions LLC’s holdings in Acuity Brands were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Aurora Investment Counsel increased its stake in shares of Acuity Brands by 0.8% during the third quarter. Aurora Investment Counsel now owns 5,938 shares of the electronics maker’s stock valued at $1,011,000 after buying an additional 49 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Acuity Brands by 3.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,847 shares of the electronics maker’s stock valued at $378,000 after buying an additional 55 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Acuity Brands by 77.3% during the fourth quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock valued at $27,000 after buying an additional 58 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Acuity Brands by 16.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 467 shares of the electronics maker’s stock valued at $96,000 after buying an additional 65 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Acuity Brands by 0.4% during the third quarter. Amalgamated Bank now owns 20,973 shares of the electronics maker’s stock valued at $3,572,000 after buying an additional 77 shares during the period. 98.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AYI. Wells Fargo & Company boosted their target price on Acuity Brands from $260.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Robert W. Baird boosted their target price on Acuity Brands from $236.00 to $286.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. StockNews.com raised Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th. Oppenheimer upped their price target on Acuity Brands from $250.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group upped their price target on Acuity Brands from $227.00 to $261.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.25.

View Our Latest Research Report on Acuity Brands

Acuity Brands Price Performance

Shares of AYI stock opened at $251.91 on Friday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.71 and a beta of 1.44. The business’s fifty day moving average is $258.36 and its 200 day moving average is $236.85. Acuity Brands, Inc. has a twelve month low of $154.72 and a twelve month high of $272.74. The company has a quick ratio of 1.96, a current ratio of 2.59 and a debt-to-equity ratio of 0.23.

Acuity Brands (NYSE:AYIGet Free Report) last released its earnings results on Wednesday, April 3rd. The electronics maker reported $3.08 EPS for the quarter, topping the consensus estimate of $2.85 by $0.23. Acuity Brands had a return on equity of 21.22% and a net margin of 9.81%. The business had revenue of $905.90 million for the quarter, compared to the consensus estimate of $897.01 million. Research analysts expect that Acuity Brands, Inc. will post 14.48 EPS for the current fiscal year.

Acuity Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 17th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date was Tuesday, April 16th. Acuity Brands’s dividend payout ratio (DPR) is 5.02%.

Insiders Place Their Bets

In related news, Director Maya Leibman bought 200 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were acquired at an average cost of $248.91 per share, with a total value of $49,782.00. Following the completion of the acquisition, the director now owns 200 shares of the company’s stock, valued at approximately $49,782. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Acuity Brands news, Director Maya Leibman purchased 200 shares of the stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of $248.91 per share, with a total value of $49,782.00. Following the completion of the acquisition, the director now directly owns 200 shares in the company, valued at approximately $49,782. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Karen J. Holcom sold 7,745 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $262.24, for a total value of $2,031,048.80. Following the transaction, the chief financial officer now directly owns 20,287 shares in the company, valued at $5,320,062.88. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Acuity Brands Company 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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