Shares of Acuity Brands Inc. (NYSE:AYI) reached a new 52-week high on Tuesday . The company traded as high as $271.34 and last traded at $270.19, with a volume of 79,351 shares traded. The stock had previously closed at $269.36.

AYI has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “buy” rating on shares of Acuity Brands in a research report on Tuesday, April 19th. Zacks Investment Research lowered Acuity Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Canaccord Genuity reaffirmed a “buy” rating on shares of Acuity Brands in a research report on Wednesday, June 29th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $295.00 price objective on shares of Acuity Brands in a research report on Thursday, June 30th. Finally, Credit Agricole SA reissued an “outperform” rating and issued a $270.00 target price on shares of Acuity Brands in a report on Friday, July 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $274.14.

The firm has a 50 day moving average of $258.45 and a 200 day moving average of $236.41. The firm has a market capitalization of $11.75 billion and a price-to-earnings ratio of 44.12.

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

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

In other Acuity Brands news, CFO Richard K. Reece sold 33,430 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $269.07, for a total value of $8,995,010.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vernon J. Nagel sold 65,060 shares of the business’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $268.30, for a total transaction of $17,455,598.00. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Acuity Brands by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 5,456 shares of the company’s stock worth $1,276,000 after buying an additional 400 shares in the last quarter. Navellier & Associates Inc raised 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 in the last quarter. Advisors Asset Management Inc. raised 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 in the last quarter. US Bancorp DE raised 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 in the last quarter. Finally, BNP Paribas Arbitrage SA raised 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 in the last quarter.

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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