WealthTrust Fairport LLC acquired a new position in shares of Acuity Brands, Inc. (NYSE:AYI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,981 shares of the electronics maker’s stock, valued at approximately $345,000.

A number of other institutional investors also recently added to or reduced their stakes in AYI. BlackRock Inc. raised its stake in Acuity Brands by 45.8% during the second quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock worth $479,730,000 after acquiring an additional 1,300,971 shares in the last quarter. Vulcan Value Partners LLC raised its stake in Acuity Brands by 94.8% during the second quarter. Vulcan Value Partners LLC now owns 888,340 shares of the electronics maker’s stock worth $102,932,000 after acquiring an additional 432,385 shares in the last quarter. FIL Ltd acquired a new position in Acuity Brands during the first quarter worth $41,478,000. JPMorgan Chase & Co. raised its stake in Acuity Brands by 26.3% during the first quarter. JPMorgan Chase & Co. now owns 1,402,648 shares of the electronics maker’s stock worth $195,235,000 after acquiring an additional 292,245 shares in the last quarter. Finally, FMR LLC raised its stake in Acuity Brands by 10.7% during the second quarter. FMR LLC now owns 2,397,045 shares of the electronics maker’s stock worth $277,745,000 after acquiring an additional 231,932 shares in the last quarter.

Several research analysts have issued reports on the company. ValuEngine lowered Acuity Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. JMP Securities set a $170.00 price objective on Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 4th. Goldman Sachs Group cut Acuity Brands from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $141.00 to $126.00 in a report on Wednesday, September 12th. Cowen set a $180.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group started coverage on Acuity Brands in a report on Friday. They set a “neutral” rating and a $135.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.89.

Shares of AYI stock traded up $3.33 during trading hours on Friday, hitting $122.77. 954,226 shares of the company’s stock were exchanged, compared to its average volume of 832,329. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.65. The stock has a market capitalization of $6.32 billion, a PE ratio of 15.42, a PEG ratio of 1.80 and a beta of 1.40. Acuity Brands, Inc. has a 52 week low of $109.98 and a 52 week high of $186.99.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.12. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.55 earnings per share. As a group, analysts forecast that Acuity Brands, Inc. will post 8.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, October 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.42%. The ex-dividend date is Wednesday, October 17th. Acuity Brands’s dividend payout ratio is 6.53%.

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 controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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

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