Huntington National Bank Has $133,000 Position in Acuity Brands Inc. (AYI)
Huntington National Bank held its stake in shares of Acuity Brands Inc. (NYSE:AYI) during the second quarter, Holdings Channel reports. The fund owned 789 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Acuity Brands were worth $133,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in AYI. Legal & General Group Plc raised its stake in shares of Acuity Brands by 400.1% in the first quarter. Legal & General Group Plc now owns 172,106 shares of the company’s stock worth $37,543,000 after buying an additional 137,695 shares during the period. BlackRock Group LTD raised its stake in shares of Acuity Brands by 67.3% in the first quarter. BlackRock Group LTD now owns 308,397 shares of the company’s stock worth $67,273,000 after buying an additional 124,099 shares during the period. Bank of Montreal Can bought a new stake in shares of Acuity Brands during the second quarter worth $29,496,000. Credit Agricole S A raised its stake in shares of Acuity Brands by 197.1% in the first quarter. Credit Agricole S A now owns 139,838 shares of the company’s stock worth $30,504,000 after buying an additional 92,774 shares during the period. Finally, State Street Corp raised its stake in shares of Acuity Brands by 4.5% in the first quarter. State Street Corp now owns 1,430,640 shares of the company’s stock worth $312,083,000 after buying an additional 61,831 shares during the period. 93.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Acuity Brands Inc. (NYSE:AYI) traded down 1.32% during mid-day trading on Friday, reaching $240.74. 708,371 shares of the company traded hands. The company has a market capitalization of $10.47 billion, a P/E ratio of 39.33 and a beta of 1.46. Acuity Brands Inc. has a 52 week low of $169.42 and a 52 week high of $280.89. The stock’s 50-day moving average is $264.61 and its 200-day moving average is $255.63.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The business had revenue of $925.50 million for the quarter. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The business’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts predict that Acuity Brands Inc. will post $9.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.22%. The ex-dividend date is Friday, October 14th. Acuity Brands’s payout ratio is currently 7.83%.
AYI has been the topic of several recent research reports. Zacks Investment Research raised shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, June 24th. Canaccord Genuity reaffirmed a “buy” rating on shares of Acuity Brands in a report on Wednesday, June 29th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $295.00 price target on shares of Acuity Brands in a report on Thursday, June 30th. Credit Agricole SA reaffirmed an “outperform” rating and issued a $270.00 price target on shares of Acuity Brands in a report on Friday, July 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Acuity Brands in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $275.36.
In other Acuity Brands news, CEO Vernon J. Nagel sold 65,060 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $268.30, for a total transaction of $17,455,598.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Richard K. Reece sold 33,430 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $269.07, for a total transaction of $8,995,010.10. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
About Acuity Brands
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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