Investec Asset Management LTD Acquires New Position in Acuity Brands Inc (AYI)

Investec Asset Management LTD bought a new stake in shares of Acuity Brands Inc (NYSE:AYI) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 5,237 shares of the company’s stock, valued at approximately $1,209,000.

A number of other large investors have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Acuity Brands by 21.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 431 shares of the company’s stock valued at $114,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. increased its stake in shares of Acuity Brands by 1.2% in the third quarter. Assetmark Inc. now owns 432 shares of the company’s stock valued at $114,000 after buying an additional 5 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of Acuity Brands by 127.1% in the third quarter. Global X Management Co. LLC now owns 461 shares of the company’s stock valued at $122,000 after buying an additional 258 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Acuity Brands during the third quarter valued at approximately $125,000. Finally, Van ECK Associates Corp increased its stake in shares of Acuity Brands by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 570 shares of the company’s stock valued at $132,000 after buying an additional 42 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Acuity Brands Inc (NYSE:AYI) traded down 0.22% during midday trading on Friday, hitting $218.02. 127,057 shares of the stock traded hands. Acuity Brands Inc has a 52 week low of $188.09 and a 52 week high of $280.89. The firm has a 50-day moving average price of $214.13 and a 200-day moving average price of $243.92. The stock has a market capitalization of $9.55 billion, a P/E ratio of 31.51 and a beta of 1.33.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by $0.16. The company had revenue of $821.20 million for the quarter. Acuity Brands had a net margin of 8.93% and a return on equity of 20.71%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 earnings per share. On average, equities analysts predict that Acuity Brands Inc will post $8.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Investors of record on Monday, January 23rd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 19th. Acuity Brands’s dividend payout ratio (DPR) is presently 7.50%.

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AYI has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 target price on shares of Acuity Brands in a research note on Tuesday, January 10th. Seaport Global Securities initiated coverage on shares of Acuity Brands in a research note on Friday, November 4th. They issued a “buy” rating and a $290.00 target price for the company. Cowen and Company set a $285.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Tuesday, November 29th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $300.00 target price on shares of Acuity Brands in a research note on Monday, November 28th. Finally, Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Acuity Brands currently has an average rating of “Buy” and a consensus price target of $257.33.

In related news, Director Ray M. Robinson sold 1,100 shares of Acuity Brands stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $206.19, for a total transaction of $226,809.00. Following the sale, the director now directly owns 1,307 shares in the company, valued at approximately $269,490.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Acuity Brands Company Profile

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.

5 Day Chart for NYSE:AYI

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