Acuity Brands Inc (AYI) Stake Raised by Numeric Investors LLC

Numeric Investors LLC lifted its holdings in Acuity Brands Inc (NYSE:AYI) by 206.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,800 shares of the electronics maker’s stock after purchasing an additional 6,600 shares during the period. Numeric Investors LLC’s holdings in Acuity Brands were worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Alps Advisors Inc. grew its stake in shares of Acuity Brands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 2,327 shares of the electronics maker’s stock worth $473,000 after purchasing an additional 6 shares during the last quarter. Cleararc Capital Inc. grew its stake in shares of Acuity Brands by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 1,098 shares of the electronics maker’s stock worth $224,000 after purchasing an additional 10 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Acuity Brands by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 4,024 shares of the electronics maker’s stock worth $818,000 after purchasing an additional 15 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Acuity Brands by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 846 shares of the electronics maker’s stock worth $173,000 after purchasing an additional 27 shares during the last quarter. Finally, Cim Investment Mangement Inc. grew its stake in shares of Acuity Brands by 1.1% in the 1st quarter. Cim Investment Mangement Inc. now owns 3,862 shares of the electronics maker’s stock worth $788,000 after purchasing an additional 43 shares during the last quarter.

Acuity Brands Inc (NYSE:AYI) traded down 1.20% during mid-day trading on Tuesday, hitting $162.79. 66,854 shares of the company traded hands. The company’s 50-day moving average price is $171.63 and its 200 day moving average price is $180.98. Acuity Brands Inc has a one year low of $153.28 and a one year high of $261.43. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 21.91 and a beta of 1.43.

Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The business had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. During the same period in the prior year, the business earned $2.21 EPS. Acuity Brands’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts anticipate that Acuity Brands Inc will post $9.07 earnings per share for the current fiscal year.

Acuity Brands announced that its board has initiated a share repurchase program on Thursday, June 29th that allows the company to buyback 2,000,000 shares. This buyback authorization allows the electronics maker to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. Acuity Brands’s payout ratio is 6.99%.

Several equities analysts have recently issued reports on AYI shares. Robert W. Baird reaffirmed an “outperform” rating and issued a $206.00 price objective (down previously from $210.00) on shares of Acuity Brands in a research note on Monday, June 19th. Roth Capital set a $150.00 price objective on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Tuesday, June 27th. Cowen and Company lowered their price objective on shares of Acuity Brands from $230.00 to $226.00 and set an “outperform” rating on the stock in a research note on Friday, June 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Acuity Brands in a research note on Friday, June 30th. Finally, Deutsche Bank AG lifted their target price on shares of Acuity Brands from $215.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Acuity Brands currently has an average rating of “Hold” and an average price target of $197.17.

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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.

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

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