Swiss National Bank Sells 6,600 Shares of Acuity Brands, Inc. (AYI)
Swiss National Bank reduced its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,800 shares of the electronics maker’s stock after selling 6,600 shares during the period. Swiss National Bank’s holdings in Acuity Brands were worth $27,421,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AYI. QS Investors LLC grew its position in Acuity Brands by 1.2% during the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 7 shares during the last quarter. First Bank & Trust grew its position in Acuity Brands by 183.7% during the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 483 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Acuity Brands during the fourth quarter valued at approximately $151,000. Shelton Capital Management bought a new position in Acuity Brands during the fourth quarter valued at approximately $201,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Acuity Brands during the third quarter valued at approximately $206,000.
Acuity Brands, Inc. (AYI) opened at $151.14 on Monday. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. Acuity Brands, Inc. has a fifty-two week low of $141.77 and a fifty-two week high of $225.36. The stock has a market cap of $6,371.80, a P/E ratio of 20.76, a PEG ratio of 1.54 and a beta of 1.28.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, January 19th. Acuity Brands’s dividend payout ratio is 7.14%.
AYI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Williams Capital cut shares of Acuity Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $204.00 to $175.00 in a research report on Wednesday, January 10th. Robert W. Baird reiterated a “hold” rating and set a $198.00 price target on shares of Acuity Brands in a research report on Tuesday, January 9th. Seaport Global Securities reiterated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $175.00 price target (down from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $196.23.
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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.
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