NumerixS Investment Technologies Inc boosted its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 111.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,580 shares of the electronics maker’s stock after buying an additional 1,890 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Acuity Brands were worth $428,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Osborn Williams & Donohoe LLC acquired a new stake in Acuity Brands during the 1st quarter worth about $28,000. SRS Capital Advisors Inc. raised its stake in shares of Acuity Brands by 183.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 242 shares in the last quarter. Kwmg LLC purchased a new stake in shares of Acuity Brands during the 1st quarter worth about $44,000. Commonwealth Bank of Australia raised its stake in shares of Acuity Brands by 29.2% during the 4th quarter. Commonwealth Bank of Australia now owns 442 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Acuity Brands by 784.9% during the 1st quarter. Quadrant Capital Group LLC now owns 469 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 416 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on AYI. Wells Fargo & Co reaffirmed a “buy” rating and set a $155.00 price target (up from $146.00) on shares of Acuity Brands in a research note on Thursday, April 4th. Zacks Investment Research downgraded Acuity Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. JMP Securities raised their price objective on Acuity Brands from $176.00 to $184.00 and gave the company a “market outperform” rating in a research note on Thursday, April 4th. Credit Suisse Group cut their price objective on Acuity Brands from $155.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Goldman Sachs Group raised Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 price objective on the stock in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $149.33.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.21. Acuity Brands had a return on equity of 20.46% and a net margin of 8.63%. The company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $877.82 million. During the same period in the previous year, the business posted $1.89 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts predict that Acuity Brands, Inc. will post 9.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.38%. Acuity Brands’s payout ratio is presently 6.33%.
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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