Vestmark Advisory Solutions Inc. Raises Holdings in Acuity Brands, Inc. (NYSE:AYI)

Vestmark Advisory Solutions Inc. lifted its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,850 shares of the electronics maker’s stock after buying an additional 104 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Acuity Brands were worth $393,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BSW Wealth Partners purchased a new position in shares of Acuity Brands during the 2nd quarter worth approximately $29,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Acuity Brands during the 2nd quarter worth approximately $34,000. First Mercantile Trust Co. purchased a new position in shares of Acuity Brands during the 2nd quarter worth approximately $58,000. Private Capital Group LLC raised its stake in shares of Acuity Brands by 58.4% during the 2nd quarter. Private Capital Group LLC now owns 464 shares of the electronics maker’s stock worth $54,000 after buying an additional 171 shares in the last quarter. Finally, Cutler Group LP raised its stake in shares of Acuity Brands by 66.7% during the 2nd quarter. Cutler Group LP now owns 500 shares of the electronics maker’s stock worth $68,000 after buying an additional 200 shares in the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

AYI has been the subject of a number of analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $140.00 target price (down from $154.00) on shares of Acuity Brands in a research note on Thursday. CIBC increased their target price on Acuity Brands from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. William Blair reissued a “hold” rating on shares of Acuity Brands in a research note on Tuesday, September 24th. ValuEngine downgraded Acuity Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Co lowered their price target on Acuity Brands from $155.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $146.90.

Shares of AYI traded up $5.63 on Thursday, reaching $120.60. The stock had a trading volume of 34,730 shares, compared to its average volume of 393,204. The firm has a market capitalization of $5.38 billion, a PE ratio of 14.62, a PEG ratio of 1.35 and a beta of 1.57. The company has a quick ratio of 1.57, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $128.41 and a 200 day moving average of $132.81. Acuity Brands, Inc. has a twelve month low of $103.48 and a twelve month high of $148.48.

Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.12. The business had revenue of $938.10 million for the quarter, compared to analysts’ expectations of $1.03 billion. Acuity Brands had a return on equity of 19.90% and a net margin of 9.02%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 EPS. On average, sell-side analysts anticipate that Acuity Brands, Inc. will post 9.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, October 17th. Acuity Brands’s dividend payout ratio is currently 6.33%.

In related news, Director Ray M. Robinson sold 2,363 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $130.15, for a total value of $307,544.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

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

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