Stephens Inc. AR trimmed its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 11.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,112 shares of the electronics maker’s stock after selling 414 shares during the quarter. Stephens Inc. AR’s holdings in Acuity Brands were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AYI. Osborn Williams & Donohoe LLC bought a new stake in Acuity Brands during the first quarter worth about $28,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Acuity Brands during the fourth quarter worth approximately $33,000. SRS Capital Advisors Inc. lifted its position in shares of Acuity Brands by 183.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 242 shares in the last quarter. Kwmg LLC acquired a new position in shares of Acuity Brands during the first quarter worth approximately $44,000. Finally, Commonwealth Bank of Australia lifted its position in shares of Acuity Brands by 29.2% during the fourth quarter. Commonwealth Bank of Australia now owns 442 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AYI traded up $0.52 during trading hours on Friday, hitting $136.81. The company’s stock had a trading volume of 31,364 shares, compared to its average volume of 270,702. Acuity Brands, Inc. has a twelve month low of $103.48 and a twelve month high of $173.01. The firm has a market capitalization of $5.47 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.11 and a quick ratio of 1.40.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, April 3rd. The electronics maker reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.21. Acuity Brands had a net margin of 8.63% and a return on equity of 20.46%. The business had revenue of $854.40 million for the quarter, compared to analyst estimates of $877.82 million. During the same period in the prior year, the business posted $1.89 earnings per share. Acuity Brands’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that Acuity Brands, Inc. will post 8.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Tuesday, April 16th. Acuity Brands’s dividend payout ratio is 6.33%.

A number of equities analysts have recently issued reports on AYI shares. Credit Suisse Group upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $128.00 to $148.00 in a research report 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 target price on the stock in a research report 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 target price on the stock in a research report on Wednesday, March 20th. Wells Fargo & Co reiterated a “buy” rating and set a $155.00 target price (up from $146.00) on shares of Acuity Brands in a research report on Thursday, April 4th. Finally, Robert W. Baird upped their target price on shares of Acuity Brands from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $151.67.

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Acuity Brands Profile

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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