1 week Ago By ABMN Staff
Los Angeles Capital Management LLC lifted its stake in Acuity Brands, Inc. ( NYSE:AYI – Free Report ) by 11.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 29,170 shares of the electronics maker’s stock after buying an additional 2,893 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Acuity Brands were worth $7,043,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently bought and sold shares of AYI.
New Covenant Trust Company N.A. purchased a new stake in Acuity Brands in the 1st quarter worth approximately $27,000.
Raleigh Capital Management Inc. grew its position in Acuity Brands by 5,666.7% during the fourth quarter.
Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock valued at $35,000 after buying an additional 170 shares during the period. EdgeRock Capital LLC purchased a new position in Acuity Brands in the second quarter valued at $41,000.
Assetmark Inc. raised its position in shares of Acuity Brands by 900.0% in the fourth quarter.
Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 225 shares during the period. Finally, Evermay Wealth Management LLC acquired a new position in shares of Acuity Brands in the fourth quarter worth about $61,000.
98.21% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several equities analysts recently weighed in on AYI shares.
StockNews.com lowered Acuity Brands from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 27th. Wells Fargo & Company cut Acuity Brands from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $295.
00 to $260.00 in a research report on Friday, June 28th. Finally, Robert W.
Baird reduced their target price on Acuity Brands from $286.00 to $280.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th.
Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $279.
00. Acuity Brands Stock Up 0.7 % AYI opened at $242.
35 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.
77 and a debt-to-equity ratio of 0.22. Acuity Brands, Inc.
has a twelve month low of $156.49 and a twelve month high of $272.74.
The company has a market cap of $7.46 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.
79 and a beta of 1.41. The company has a 50-day moving average price of $243.
50 and a 200 day moving average price of $251.89. Acuity Brands ( NYSE:AYI – Get Free Report ) last released its earnings results on Thursday, June 27th.
The electronics maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.
33. Acuity Brands had a return on equity of 20.97% and a net margin of 10.
12%. The business had revenue of $968.10 million for the quarter, compared to the consensus estimate of $996.
52 million. During the same quarter last year, the business posted $3.50 earnings per share.
The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts expect that Acuity Brands, Inc.
will post 14.26 earnings per share for the current fiscal year. Acuity Brands Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st.
Stockholders of record on Thursday, July 18th were issued a dividend of $0.15 per share. This represents a $0.
60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, July 18th.
Acuity Brands’s payout ratio is 4.88%. 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. 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:AYI – Free Report ). 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 ..
