Nissay Asset Management Corp Japan ADV grew its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 2.6% in the first quarter, Holdings Channel reports. The fund owned 4,093 shares of the electronics maker’s stock after buying an additional 102 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Acuity Brands were worth $491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AYI. JPMorgan Chase & Co. boosted its stake in shares of Acuity Brands by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,901 shares of the electronics maker’s stock worth $236,413,000 after acquiring an additional 194,259 shares during the last quarter. DNB Asset Management AS purchased a new position in shares of Acuity Brands during the 4th quarter worth $1,216,000. Oakbrook Investments LLC purchased a new position in shares of Acuity Brands during the 4th quarter worth $454,000. Nisa Investment Advisors LLC boosted its stake in shares of Acuity Brands by 31.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,850 shares of the electronics maker’s stock worth $1,937,000 after acquiring an additional 4,050 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Acuity Brands during the 4th quarter worth $33,000. 93.12% of the stock is owned by institutional investors.

AYI opened at $138.89 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 2.11. Acuity Brands, Inc. has a fifty-two week low of $103.48 and a fifty-two week high of $173.01. The firm has a market cap of $5.47 billion, a P/E ratio of 16.90, a PEG ratio of 1.55 and a beta of 1.62.

Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. Acuity Brands had a net margin of 8.63% and a return on equity of 20.46%. The company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $877.82 million. During the same quarter in the previous year, the company earned $1.89 EPS. Acuity Brands’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Acuity Brands, Inc. will post 8.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Tuesday, April 16th. Acuity Brands’s dividend payout ratio (DPR) is 6.33%.

Several research analysts have recently weighed in on AYI shares. Credit Suisse Group upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $128.00 to $148.00 in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Tuesday, April 23rd. Goldman Sachs Group upgraded shares of Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 price target on the stock in a research note on Wednesday, March 20th. Wells Fargo & Co reiterated a “buy” rating and set a $155.00 price target (up previously from $146.00) on shares of Acuity Brands in a research note on Thursday, April 4th. Finally, Robert W. Baird lifted their target price on shares of Acuity Brands from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $151.67.

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About Acuity Brands

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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

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