Teza Capital Management LLC purchased a new stake in shares of Acuity Brands, Inc. (NYSE:AYI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,590 shares of the electronics maker’s stock, valued at approximately $671,000.
Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Acuity Brands in the fourth quarter valued at $55,635,000. Dimensional Fund Advisors LP raised its holdings in Acuity Brands by 42.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 401,655 shares of the electronics maker’s stock valued at $46,170,000 after acquiring an additional 119,548 shares in the last quarter. BlackRock Inc. raised its holdings in Acuity Brands by 2.7% in the fourth quarter. BlackRock Inc. now owns 4,157,697 shares of the electronics maker’s stock valued at $477,928,000 after acquiring an additional 108,678 shares in the last quarter. Seizert Capital Partners LLC raised its holdings in Acuity Brands by 20.8% in the fourth quarter. Seizert Capital Partners LLC now owns 548,460 shares of the electronics maker’s stock valued at $63,045,000 after acquiring an additional 94,303 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in Acuity Brands in the fourth quarter valued at $8,279,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Acuity Brands stock traded up $3.66 during trading on Friday, hitting $137.91. 563,824 shares of the stock were exchanged, compared to its average volume of 344,518. The company has a fifty day moving average of $134.27. The stock has a market cap of $5.50 billion, a PE ratio of 16.78, a PEG ratio of 1.48 and a beta of 1.67. The company has a current ratio of 2.11, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Acuity Brands, Inc. has a 12 month low of $103.48 and a 12 month high of $173.01.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 17th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.38%. Acuity Brands’s dividend payout ratio is presently 6.33%.
Several analysts recently issued reports on the stock. Credit Suisse Group cut their price target on shares of Acuity Brands from $155.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Oppenheimer lowered their target price on shares of Acuity Brands from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Zacks Investment Research lowered shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Robert W. Baird upped their price target on shares of Acuity Brands from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $149.33.
About Acuity Brands
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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