Parkside Financial Bank & Trust Raises Position in Acuity Brands, Inc. (NYSE:AYI)

Parkside Financial Bank & Trust grew its position in Acuity Brands, Inc. (NYSE:AYI) by 60.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 568 shares of the electronics maker’s stock after buying an additional 215 shares during the period. Parkside Financial Bank & Trust’s holdings in Acuity Brands were worth $78,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Osborn Williams & Donohoe LLC purchased a new position in Acuity Brands in the first quarter worth about $28,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Acuity Brands during the second quarter valued at approximately $34,000. Quadrant Capital Group LLC raised its holdings in shares of Acuity Brands by 784.9% during the first quarter. Quadrant Capital Group LLC now owns 469 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 416 shares during the last quarter. NEXT Financial Group Inc raised its holdings in shares of Acuity Brands by 45.6% during the second quarter. NEXT Financial Group Inc now owns 667 shares of the electronics maker’s stock valued at $92,000 after purchasing an additional 209 shares during the last quarter. Finally, Pearl River Capital LLC raised its holdings in shares of Acuity Brands by 3,226.7% during the first quarter. Pearl River Capital LLC now owns 998 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 968 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

In other Acuity Brands news, Director Ray M. Robinson sold 2,363 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total transaction of $307,544.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on AYI shares. ValuEngine cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Credit Suisse Group decreased their price objective on shares of Acuity Brands from $155.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Oppenheimer reissued an “outperform” rating and set a $145.00 price objective (down from $150.00) on shares of Acuity Brands in a report on Wednesday, July 3rd. CIBC boosted their price objective on shares of Acuity Brands from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Finally, Roth Capital set a $95.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $149.90.

AYI stock traded down $0.45 during midday trading on Friday, reaching $125.10. 1,743 shares of the company’s stock traded hands, compared to its average volume of 262,652. Acuity Brands, Inc. has a 52-week low of $103.48 and a 52-week high of $173.01. The stock has a market cap of $4.93 billion, a P/E ratio of 15.17, a PEG ratio of 1.29 and a beta of 1.60. The company has a current ratio of 2.19, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $130.26 and its 200 day moving average is $132.85.

Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.16. Acuity Brands had a net margin of 9.02% and a return on equity of 19.90%. The business had revenue of $947.60 million during the quarter, compared to analysts’ expectations of $969.48 million. During the same period in the prior year, the company earned $2.37 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, research analysts expect that Acuity Brands, Inc. will post 9.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 17th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.42%. Acuity Brands’s dividend payout ratio is currently 6.33%.

Acuity Brands Company 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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