Shares of Acuity Brands, Inc. (NYSE:AYI) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $98.88.
A number of brokerages have commented on AYI. JMP Securities cut Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 9th. Oppenheimer raised Acuity Brands from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Sunday, June 7th. Robert W. Baird lifted their price objective on Acuity Brands from $80.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Zacks Investment Research downgraded Acuity Brands from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a report on Tuesday, June 23rd. Finally, Goldman Sachs Group lowered shares of Acuity Brands from a “neutral” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, June 15th.
Shares of Acuity Brands stock traded down $1.94 during trading on Tuesday, hitting $99.10. 889,355 shares of the company’s stock traded hands, compared to its average volume of 582,962. The stock has a market capitalization of $3.93 billion, a P/E ratio of 14.53, a PEG ratio of 1.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.40 and a quick ratio of 1.78. The business has a 50-day simple moving average of $94.20 and a 200-day simple moving average of $96.90. Acuity Brands has a 1 year low of $67.46 and a 1 year high of $143.55.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, July 16th. Acuity Brands’s payout ratio is 5.78%.
Several institutional investors have recently made changes to their positions in AYI. Sunbelt Securities Inc. purchased a new position in shares of Acuity Brands during the fourth quarter worth about $5,606,000. Creative Financial Designs Inc. ADV acquired a new stake in Acuity Brands during the second quarter worth about $43,000. Allworth Financial LP bought a new position in shares of Acuity Brands in the second quarter valued at approximately $66,000. Parallel Advisors LLC boosted its holdings in Acuity Brands by 79.4% during the first quarter. Parallel Advisors LLC now owns 827 shares of the electronics maker’s stock worth $70,000 after buying an additional 366 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Acuity Brands by 22.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 828 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 152 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.
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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