D.A. Davidson & CO. Has $248,000 Holdings in Acuity Brands Inc (AYI)
D.A. Davidson & CO. grew its holdings in shares of Acuity Brands Inc (NYSE:AYI) by 58.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,450 shares of the electronics maker’s stock after acquiring an additional 535 shares during the quarter. D.A. Davidson & CO.’s holdings in Acuity Brands were worth $248,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares during the period. Seven Bridges Advisors LLC acquired a new position in Acuity Brands during the 2nd quarter worth $117,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after buying an additional 58 shares during the period. QS Investors LLC lifted its holdings in shares of Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after buying an additional 7 shares during the period. Finally, Israel Discount Bank of New York lifted its holdings in shares of Acuity Brands by 32.3% in the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock valued at $125,000 after buying an additional 150 shares during the period.
AYI has been the subject of several research analyst reports. Seaport Global Securities restated a “buy” rating and issued a $200.00 price objective (down previously from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Oppenheimer restated a “buy” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Roth Capital set a $130.00 price objective on Acuity Brands and gave the company a “sell” rating in a report on Thursday, October 5th. Wolfe Research lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Finally, Robert W. Baird lowered Acuity Brands from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $212.00 to $178.00 in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $197.17.
Shares of Acuity Brands Inc (NYSE:AYI) opened at $170.45 on Thursday. The stock has a market capitalization of $7,083.38, a price-to-earnings ratio of 21.06, a PEG ratio of 1.76 and a beta of 1.44. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Acuity Brands Inc has a 52-week low of $153.28 and a 52-week high of $255.45.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The company had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. Acuity Brands’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. research analysts anticipate that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is presently 6.99%.
In other news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by 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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