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.
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%.
This piece of content was first published by Web Breaking News and is owned by of Web Breaking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The original version of this piece of content can be accessed at http://www.webbreakingnews.com/2017/02/17/investec-asset-management-ltd-acquires-new-position-in-acuity-brands-inc-ayi.html.
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.
Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands Inc (NYSE:AYI).
Receive News & Ratings for Acuity Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc and related companies with MarketBeat.com's FREE daily email newsletter.