Acuity Brands, Inc. (NYSE:AYI - Get Free Report) CFO Karen J. Holcom sold 7,745 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the completion of the transaction, the chief financial officer now directly owns 20,287 shares of the company's stock, valued at $5,320,062.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Acuity Brands Price Performance
Shares of NYSE:AYI opened at $272.12 on Friday. The firm's 50 day moving average is $251.61 and its two-hundred day moving average is $209.67. Acuity Brands, Inc. has a 52 week low of $149.30 and a 52 week high of $272.74. The firm has a market capitalization of $8.39 billion, a P/E ratio of 22.75, a PEG ratio of 1.93 and a beta of 1.49. The company has a current ratio of 2.59, a quick ratio of 1.85 and a debt-to-equity ratio of 0.23.
Acuity Brands (NYSE:AYI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $3.72 EPS for the quarter, beating the consensus estimate of $3.23 by $0.49. Acuity Brands had a net margin of 9.81% and a return on equity of 21.22%. The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $935.14 million. During the same quarter last year, the business earned $3.04 earnings per share. Acuity Brands's revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Acuity Brands, Inc. will post 13.71 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. Acuity Brands's dividend payout ratio is presently 5.02%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AYI. Raymond James & Associates increased its stake in shares of Acuity Brands by 6.2% during the first quarter. Raymond James & Associates now owns 20,688 shares of the electronics maker's stock valued at $3,916,000 after acquiring an additional 1,200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Acuity Brands by 3.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,834 shares of the electronics maker's stock worth $2,429,000 after buying an additional 379 shares in the last quarter. BlackRock Inc. boosted its holdings in Acuity Brands by 0.9% during the first quarter. BlackRock Inc. now owns 2,982,396 shares of the electronics maker's stock worth $564,568,000 after buying an additional 25,598 shares in the last quarter. APG Asset Management N.V. acquired a new position in Acuity Brands in the 1st quarter worth approximately $1,395,000. Finally, Great West Life Assurance Co. Can boosted its stake in Acuity Brands by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 19,747 shares of the electronics maker's stock worth $3,850,000 after purchasing an additional 1,647 shares during the period. Institutional investors and hedge funds own 98.21% of the company's stock.
Wall Street Analyst Weigh In
AYI has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of Acuity Brands from $250.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Acuity Brands from $227.00 to $261.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of Acuity Brands from $260.00 to $295.00 and gave the stock an "overweight" rating in a research note on Thursday. StockNews.com upgraded shares of Acuity Brands from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Robert W. Baird increased their price objective on shares of Acuity Brands from $236.00 to $286.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $289.25.
View Our Latest Analysis on AYI
About Acuity Brands
(
Get Free Report)
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
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