New Amsterdam Partners LLC NY lessened its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,056 shares of the electronics maker’s stock after selling 91 shares during the period. New Amsterdam Partners LLC NY’s holdings in Acuity Brands were worth $236,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in AYI. ETF Managers Group LLC raised its position in Acuity Brands by 18.6% in the 4th quarter. ETF Managers Group LLC now owns 958 shares of the electronics maker’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Acuity Brands by 233.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,040 shares of the electronics maker’s stock valued at $694,000 after buying an additional 4,229 shares during the last quarter. Dupont Capital Management Corp acquired a new position in shares of Acuity Brands during the 4th quarter worth approximately $397,000. State Board of Administration of Florida Retirement System increased its position in shares of Acuity Brands by 0.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 55,177 shares of the electronics maker’s stock worth $6,343,000 after purchasing an additional 150 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Acuity Brands by 48.0% during the 4th quarter. Rhumbline Advisers now owns 101,125 shares of the electronics maker’s stock worth $11,624,000 after purchasing an additional 32,796 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.
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Shares of NYSE AYI opened at $125.56 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.20. Acuity Brands, Inc. has a 12 month low of $103.48 and a 12 month high of $173.01. The company has a market cap of $4.99 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.57.
Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, January 9th. The electronics maker reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.30. Acuity Brands had a return on equity of 20.88% and a net margin of 9.49%. The company had revenue of $932.60 million during the quarter, compared to the consensus estimate of $920.39 million. During the same period in the previous year, the company posted $1.94 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts expect that Acuity Brands, Inc. will post 8.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Friday, January 18th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, January 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.41%. Acuity Brands’s dividend payout ratio is currently 6.33%.
AYI has been the topic of several recent analyst reports. Wells Fargo & Co lowered their price target on Acuity Brands from $161.00 to $159.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. Roth Capital set a $150.00 price target on Acuity Brands and gave the stock a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. Credit Suisse Group reaffirmed a “market perform” rating and set a $128.00 price target (down previously from $135.00) on shares of Acuity Brands in a research report on Thursday, January 3rd. Finally, Oppenheimer lowered their price target on Acuity Brands from $170.00 to $166.00 in a research report on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $149.44.
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Acuity Brands Company Profile
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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