Keybank National Association OH Sells 7,926 Shares of Acuity Brands Inc (AYI)
Keybank National Association OH decreased its stake in Acuity Brands Inc (NYSE:AYI) by 53.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,941 shares of the company’s stock after selling 7,926 shares during the period. Keybank National Association OH’s holdings in Acuity Brands were worth $1,602,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Acuity Brands by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,794,946 shares of the company’s stock valued at $739,543,000 after buying an additional 9,552 shares during the period. FMR LLC raised its stake in shares of Acuity Brands by 20.6% in the fourth quarter. FMR LLC now owns 2,703,383 shares of the company’s stock valued at $624,102,000 after buying an additional 461,571 shares during the period. State Street Corp raised its stake in shares of Acuity Brands by 11.4% in the fourth quarter. State Street Corp now owns 1,923,652 shares of the company’s stock valued at $444,080,000 after buying an additional 196,382 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of Acuity Brands by 10.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,492,446 shares of the company’s stock valued at $344,546,000 after buying an additional 146,722 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Acuity Brands by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,180,908 shares of the company’s stock valued at $312,468,000 after buying an additional 36,549 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Acuity Brands Inc (NYSE:AYI) traded down 0.26% on Friday, reaching $217.92. The company had a trading volume of 311,964 shares. The stock has a 50 day moving average of $214.13 and a 200 day moving average of $243.92. Acuity Brands Inc has a 12 month low of $188.09 and a 12 month high of $280.89. The firm has a market capitalization of $9.54 billion, a PE ratio of 31.49 and a beta of 1.33.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.16 by $0.16. Acuity Brands had a net margin of 8.93% and a return on equity of 20.71%. The firm had revenue of $821.20 million for the quarter. During the same period in the previous year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Acuity Brands Inc will post $8.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 1st. Stockholders of record on Monday, January 23rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Thursday, January 19th. Acuity Brands’s payout ratio is 7.50%.
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Several equities research analysts have recently weighed in on AYI shares. Roth Capital lowered Acuity Brands from a “neutral” rating to a “sell” rating and set a $150.00 target price on the stock. in a research report on Friday, January 27th. Deutsche Bank AG reissued a “buy” rating and set a $300.00 target price on shares of Acuity Brands in a research report on Monday, November 28th. Robert W. Baird raised Acuity Brands from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $265.00 to $242.00 in a research report on Tuesday, January 10th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $295.00 target price on shares of Acuity Brands in a research report on Thursday, December 22nd. Finally, Cowen and Company set a $285.00 target price on Acuity Brands and gave the stock a “buy” rating in a research report on Tuesday, November 29th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Acuity Brands currently has an average rating of “Buy” and a consensus target price of $257.33.
In other news, Director Ray M. Robinson sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $206.19, for a total value of $226,809.00. Following the completion of the sale, the director now owns 1,307 shares of the company’s stock, valued at $269,490.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.
About Acuity Brands
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.
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