SG Americas Securities LLC decreased its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 28.0% in the 4th quarter, Holdings Channel reports. The fund owned 8,991 shares of the electronics maker’s stock after selling 3,492 shares during the quarter. SG Americas Securities LLC’s holdings in Acuity Brands were worth $1,034,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Acuity Brands during the 4th quarter valued at $33,000. Exane Derivatives raised its position in shares of Acuity Brands by 85,000.0% during the 4th quarter. Exane Derivatives now owns 851 shares of the electronics maker’s stock valued at $98,000 after acquiring an additional 850 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Acuity Brands during the 4th quarter valued at $126,000. Capital Investment Advisory Services LLC bought a new stake in shares of Acuity Brands in the 3rd quarter valued at $214,000. Finally, Veritable L.P. bought a new stake in shares of Acuity Brands in the 3rd quarter valued at $214,000. Institutional investors own 99.02% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. Oppenheimer lowered their price objective on shares of Acuity Brands from $170.00 to $166.00 in a research report on Friday, January 11th. Roth Capital set a $90.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a research report on Friday, January 4th. Credit Suisse Group restated a “market perform” rating and issued a $128.00 price objective (down previously from $135.00) on shares of Acuity Brands in a research report on Thursday, January 3rd. Finally, Wells Fargo & Co lowered their price objective on shares of Acuity Brands from $161.00 to $159.00 and set an “outperform” rating for the company in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $149.44.
Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Wednesday, January 9th. The electronics maker reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.30. The business had revenue of $932.60 million during the quarter, compared to analysts’ expectations of $920.39 million. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 EPS. As a group, sell-side analysts forecast that Acuity Brands, Inc. will post 8.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Friday, January 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Thursday, January 17th. Acuity Brands’s payout ratio is presently 6.33%.
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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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