Acuity Brands, Inc. (AYI) Stake Lessened by Davis R M Inc.

Davis R M Inc. lessened its stake in Acuity Brands, Inc. (NYSE:AYI) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,884 shares of the electronics maker’s stock after selling 24,714 shares during the quarter. Davis R M Inc.’s holdings in Acuity Brands were worth $20,572,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Acuity Brands by 661.1% during the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Acuity Brands by 11.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares during the period. QS Investors LLC raised its stake in Acuity Brands by 1.2% during the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares during the period. First Bank & Trust raised its stake in Acuity Brands by 183.7% during the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 483 shares during the period. Finally, Commonwealth Bank of Australia raised its stake in Acuity Brands by 20.6% during the second quarter. Commonwealth Bank of Australia now owns 830 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 142 shares during the period.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the sale, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Several research firms recently weighed in on AYI. JMP Securities upgraded shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective on the stock in a research note on Tuesday, October 3rd. KeyCorp began coverage on shares of Acuity Brands in a research note on Friday, October 13th. They set a “sector weight” rating on the stock. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Robert W. Baird lowered shares of Acuity Brands from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $212.00 to $178.00 in a research note on Tuesday, September 19th. Finally, Wolfe Research lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $196.23.

Shares of Acuity Brands, Inc. (NYSE:AYI) traded down $1.11 during trading hours on Tuesday, hitting $158.74. 1,436,800 shares of the company’s stock traded hands, compared to its average volume of 1,610,211. Acuity Brands, Inc. has a 12 month low of $153.28 and a 12 month high of $225.36. The firm has a market capitalization of $6,840.00, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.60 and a beta of 1.43. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.16). Acuity Brands had a net margin of 8.91% and a return on equity of 20.08%. sell-side analysts anticipate that Acuity Brands, Inc. will post 9 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd will be paid a $0.13 dividend. The ex-dividend date is Friday, January 19th. This represents a $0.52 annualized dividend and a dividend yield of 0.33%. Acuity Brands’s payout ratio is currently 7.14%.

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About Acuity Brands

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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

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