Acuity Brands Inc. (NYSE:AYI)’s share price hit a new 52-week high on Monday . The stock traded as high as $270.98 and last traded at $268.35, with a volume of 344,862 shares trading hands. The stock had previously closed at $264.62.

Several equities analysts have recently weighed in on the stock. Credit Agricole SA reissued an “outperform” rating and issued a $270.00 price objective on shares of Acuity Brands in a research report on Friday, July 1st. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $295.00 price objective on shares of Acuity Brands in a research report on Thursday, June 30th. Canaccord Genuity reissued a “buy” rating on shares of Acuity Brands in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 price objective on the stock in a research report on Friday, June 24th. Finally, Robert W. Baird reissued a “buy” rating on shares of Acuity Brands in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $274.14.

The stock has a market cap of $11.66 billion and a PE ratio of 43.79. The stock has a 50 day moving average price of $252.23 and a 200 day moving average price of $230.01.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.03. The firm had revenue of $851.50 million for the quarter. During the same quarter last year, the company earned $1.37 earnings per share. Acuity Brands’s revenue was up 24.5% on a year-over-year basis. Analysts predict that Acuity Brands Inc. will post $8.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 18th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, July 14th.

In other Acuity Brands news, Director Ray M. Robinson sold 786 shares of Acuity Brands stock in a transaction on Friday, July 1st. The shares were sold at an average price of $248.55, for a total transaction of $195,360.30. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $497,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark A. Black sold 2,654 shares of Acuity Brands stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $250.27, for a total transaction of $664,216.58. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of Acuity Brands by 148.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 33,168 shares of the company’s stock worth $7,755,000 after buying an additional 19,843 shares during the period. US Bancorp DE increased its position in shares of Acuity Brands by 14.5% in the fourth quarter. US Bancorp DE now owns 15,851 shares of the company’s stock worth $3,706,000 after buying an additional 2,010 shares during the period. Advisors Asset Management Inc. increased its position in shares of Acuity Brands by 24.9% in the fourth quarter. Advisors Asset Management Inc. now owns 8,494 shares of the company’s stock worth $1,986,000 after buying an additional 1,694 shares during the period. Marshall Wace LLP increased its position in shares of Acuity Brands by 4,820.0% in the fourth quarter. Marshall Wace LLP now owns 80,048 shares of the company’s stock worth $18,715,000 after buying an additional 78,421 shares during the period. Finally, Navellier & Associates Inc increased its position in shares of Acuity Brands by 4.1% in the fourth quarter. Navellier & Associates Inc now owns 6,334 shares of the company’s stock worth $1,481,000 after buying an additional 250 shares during the period.

Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.

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