Lathrop Investment Management Corp continued to hold its stake in Acuity Brands Inc. (NYSE:AYI) during the third quarter, Holdings Channel reports. The institutional investor owned 69,040 shares of the company’s stock at the end of the third quarter. Acuity Brands makes up approximately 5.3% of Lathrop Investment Management Corp’s portfolio, making the stock its largest position. Lathrop Investment Management Corp’s holdings in Acuity Brands were worth $17,119,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock valued at $949,749,000 after buying an additional 663,791 shares during the period. JPMorgan Chase & Co. increased its stake in Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock valued at $573,116,000 after buying an additional 196,804 shares during the period. State Street Corp increased its stake in shares of Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock valued at $401,529,000 after buying an additional 188,661 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock valued at $332,356,000 after buying an additional 5,525 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock valued at $170,242,000 after buying an additional 23,689 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

Acuity Brands Inc. (NYSE:AYI) traded up 0.457% during midday trading on Tuesday, reaching $251.925. The company had a trading volume of 86,035 shares. Acuity Brands Inc. has a 12 month low of $169.42 and a 12 month high of $280.89. The stock has a market cap of $10.92 billion, a P/E ratio of 37.998 and a beta of 1.34. The firm has a 50-day moving average of $241.26 and a 200-day moving average of $255.49.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by $0.18. The company earned $925.50 million during the quarter. Acuity Brands had a net margin of 8.84% and a return on equity of 20.99%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 EPS. On average, equities analysts expect that Acuity Brands Inc. will post $9.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, October 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Friday, October 14th. Acuity Brands’s dividend payout ratio (DPR) is currently 7.83%.

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Several analysts recently weighed in on AYI shares. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $295.00 target price on shares of Acuity Brands in a research note on Friday, September 16th. Canaccord Genuity restated a “buy” rating and set a $305.00 target price on shares of Acuity Brands in a research note on Friday, September 23rd. Zacks Investment Research downgraded Acuity Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Roth Capital started coverage on Acuity Brands in a research note on Thursday, August 25th. They set a “neutral” rating and a $275.00 target price for the company. Finally, William Blair restated an “outperform” rating on shares of Acuity Brands in a research note on Friday, October 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $278.67.

Acuity Brands Company Profile

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

5 Day Chart for NYSE:AYI

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