Seaport Global Securities restated their neutral rating on shares of Acuity Brands (NYSE:AYI) in a research note released on Thursday morning, MarketBeat reports.

AYI has been the topic of a number of other reports. Wells Fargo & Co lowered shares of Acuity Brands from an outperform rating to a market perform rating and dropped their price objective for the company from $225.00 to $185.00 in a report on Friday, September 15th. JMP Securities raised shares of Acuity Brands from an underperform rating to a market perform rating and set a $183.00 price objective on the stock in a report on Tuesday, October 3rd. KeyCorp began coverage on shares of Acuity Brands in a report on Friday, October 13th. They set a sector weight rating on the stock. Zacks Investment Research raised shares of Acuity Brands from a sell rating to a hold rating in a report on Tuesday, December 12th. Finally, Robert W. Baird lowered shares of Acuity Brands from an outperform rating to a neutral rating and dropped their price objective for the company from $212.00 to $178.00 in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $196.23.

Shares of Acuity Brands (NYSE AYI) traded down $1.11 during mid-day trading on Thursday, hitting $158.74. The stock had a trading volume of 1,436,819 shares, compared to its average volume of 854,293. The firm has a market capitalization of $6,692.16, a P/E ratio of 21.80, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.23. Acuity Brands has a 1-year low of $153.28 and a 1-year high of $225.36.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.16). Acuity Brands had a net margin of 8.91% and a return on equity of 20.08%. sell-side analysts forecast that Acuity Brands will post 9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.33%. The ex-dividend date is Friday, January 19th. Acuity Brands’s payout ratio is 7.14%.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares in the last quarter. QS Investors LLC boosted its stake in shares of Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares in the last quarter. First Bank & Trust boosted its stake in shares of Acuity Brands by 183.7% during the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 483 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in shares of Acuity Brands by 20.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 830 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 142 shares in the last quarter.

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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.

Analyst Recommendations for Acuity Brands (NYSE:AYI)

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