Acuity Brands, Inc. (NYSE:AYI) Director Ray M. Robinson sold 2,363 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total value of $307,544.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Acuity Brands stock opened at $130.64 on Friday. The stock’s fifty day moving average is $132.66. Acuity Brands, Inc. has a 12-month low of $103.48 and a 12-month high of $173.01. The company has a market capitalization of $5.11 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.34 and a beta of 1.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 1.57.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.16. Acuity Brands had a return on equity of 19.90% and a net margin of 9.02%. The business had revenue of $947.60 million during the quarter, compared to the consensus estimate of $969.48 million. During the same quarter in the prior year, the company posted $2.37 earnings per share. Acuity Brands’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Acuity Brands, Inc. will post 9.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, July 16th. This represents a $0.52 annualized dividend and a yield of 0.40%. Acuity Brands’s dividend payout ratio (DPR) is currently 6.33%.

A number of institutional investors have recently made changes to their positions in AYI. Norges Bank bought a new stake in Acuity Brands during the fourth quarter worth $55,635,000. Dimensional Fund Advisors LP grew its holdings in Acuity Brands by 42.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 401,655 shares of the electronics maker’s stock worth $46,170,000 after buying an additional 119,548 shares in the last quarter. BlackRock Inc. grew its holdings in Acuity Brands by 1.6% during the first quarter. BlackRock Inc. now owns 4,223,948 shares of the electronics maker’s stock worth $506,914,000 after buying an additional 66,251 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Acuity Brands by 18.3% during the second quarter. Riverbridge Partners LLC now owns 329,793 shares of the electronics maker’s stock worth $45,482,000 after buying an additional 51,077 shares in the last quarter. Finally, Strs Ohio grew its holdings in Acuity Brands by 40.3% during the first quarter. Strs Ohio now owns 177,303 shares of the electronics maker’s stock worth $21,278,000 after buying an additional 50,889 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Several equities research analysts have recently commented on AYI shares. Oppenheimer set a $32.00 price objective on Iovance Biotherapeutics and gave the company a “buy” rating in a report on Wednesday, July 3rd. JMP Securities boosted their price objective on Discover Financial Services from $74.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, April 4th. Robert W. Baird set a $8.00 price objective on SRC Energy and gave the company a “buy” rating in a report on Thursday, April 4th. Credit Suisse Group restated an “outperform” rating on shares of in a report on Wednesday, June 5th. Finally, Roth Capital set a $7.00 price objective on Arcimoto and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $149.90.

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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