Andra AP fonden decreased its position in Acuity Brands Inc (NYSE:AYI) by 6.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,200 shares of the electronics maker’s stock after selling 600 shares during the quarter. Andra AP fonden’s holdings in Acuity Brands were worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Miller Howard Investments Inc. NY bought a new position in Acuity Brands in the third quarter valued at about $4,321,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Acuity Brands by 15.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 63,700 shares of the electronics maker’s stock worth $10,911,000 after buying an additional 8,628 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Acuity Brands in the third quarter worth about $928,000. First Bank & Trust increased its position in Acuity Brands by 183.7% in the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after buying an additional 483 shares in the last quarter. Finally, Aperio Group LLC increased its position in Acuity Brands by 10.4% in the third quarter. Aperio Group LLC now owns 11,713 shares of the electronics maker’s stock worth $2,006,000 after buying an additional 1,106 shares in the last quarter.

Shares of Acuity Brands Inc (NYSE:AYI) opened at $163.53 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07. Acuity Brands Inc has a 1 year low of $153.28 and a 1 year high of $261.43. The stock has a market capitalization of $6,740.51, a PE ratio of 20.07, a P/E/G ratio of 1.68 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. During the same quarter last year, the business posted $2.21 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. analysts forecast that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Tuesday, October 17th. Acuity Brands’s payout ratio is presently 6.99%.

A number of analysts have commented on AYI shares. Seaport Global Securities restated a “buy” rating and issued a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a research report on Tuesday, October 10th. Roth Capital set a $130.00 price target on Acuity Brands and gave the stock a “sell” rating in a research report on Thursday, October 5th. BidaskClub cut Acuity Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Wolfe Research cut Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $197.17.

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In related news, EVP Mark A. Black sold 7,441 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the transaction, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Acuity Brands 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.

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

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