Rehmann Capital Advisory Group Has $864,000 Stock Holdings in Acuity Brands, Inc. (NYSE:AYI)

Rehmann Capital Advisory Group boosted its position in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 19.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,213 shares of the electronics maker’s stock after purchasing an additional 532 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Acuity Brands were worth $864,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of Acuity Brands by 77.3% in the 4th quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock valued at $27,000 after buying an additional 58 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Acuity Brands during the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. grew its position in shares of Acuity Brands by 5,666.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 170 shares during the period. Global Retirement Partners LLC increased its stake in Acuity Brands by 85.7% during the 4th quarter. Global Retirement Partners LLC now owns 221 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 102 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Acuity Brands by 900.0% during the 4th quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after buying an additional 225 shares during the period. Institutional investors own 98.21% of the company’s stock.

Acuity Brands Stock Up 1.2 %

Shares of NYSE AYI traded up $2.72 during mid-day trading on Wednesday, hitting $239.06. The company had a trading volume of 76,709 shares, compared to its average volume of 265,545. The company has a current ratio of 2.77, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $252.90 and a two-hundred day simple moving average of $246.77. The company has a market capitalization of $7.35 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. Acuity Brands, Inc. has a one year low of $156.49 and a one year high of $272.74.

Acuity Brands (NYSE:AYIGet Free Report) last posted its quarterly earnings results on Thursday, June 27th. The electronics maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.33. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The firm had revenue of $968.10 million during the quarter, compared to the consensus estimate of $996.52 million. During the same period last year, the company earned $3.50 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Acuity Brands, Inc. will post 14.24 EPS for the current year.

Acuity Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, July 18th. Acuity Brands’s dividend payout ratio (DPR) is currently 4.88%.

Insider Buying and Selling at Acuity Brands

In other news, Director Maya Leibman bought 200 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $248.91 per share, with a total value of $49,782.00. Following the acquisition, the director now owns 200 shares in the company, valued at $49,782. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AYI shares. The Goldman Sachs Group increased their price objective on shares of Acuity Brands from $227.00 to $261.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. StockNews.com raised Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 4th. Oppenheimer upped their price objective on Acuity Brands from $250.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Robert W. Baird dropped their target price on Acuity Brands from $286.00 to $280.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Wells Fargo & Company downgraded Acuity Brands from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $295.00 to $260.00 in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $279.00.

Check Out Our Latest Stock Analysis on AYI

Acuity Brands 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.

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

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