Nordea Investment Management AB grew its position in shares of Acuity Brands, Inc. (NYSE:AYI – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,496 shares of the electronics maker’s stock after acquiring an additional 630 shares during the quarter. Nordea Investment Management AB owned about 0.09% of Acuity Brands worth $4,741,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of AYI. Balyasny Asset Management LLC lifted its position in shares of Acuity Brands by 2,234.6% during the 3rd quarter. Balyasny Asset Management LLC now owns 241,024 shares of the electronics maker’s stock valued at $37,954,000 after buying an additional 230,700 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Acuity Brands by 19.3% during the 1st quarter. Wellington Management Group LLP now owns 1,208,990 shares of the electronics maker’s stock valued at $228,862,000 after acquiring an additional 195,515 shares during the period. Boston Partners boosted its holdings in Acuity Brands by 2,530.5% during the 4th quarter. Boston Partners now owns 123,846 shares of the electronics maker’s stock valued at $20,948,000 after acquiring an additional 119,138 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Acuity Brands by 170.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 106,438 shares of the electronics maker’s stock valued at $16,761,000 after acquiring an additional 67,154 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Acuity Brands by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 3,313,389 shares of the electronics maker’s stock valued at $627,225,000 after acquiring an additional 60,541 shares during the period. Institutional investors own 93.80% of the company’s stock.
Acuity Brands Trading Down 0.2 %
Shares of AYI stock opened at $157.06 on Thursday. Acuity Brands, Inc. has a 1 year low of $142.71 and a 1 year high of $202.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.34 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $170.90 and its two-hundred day simple moving average is $178.16. The company has a market cap of $4.99 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.57.
Acuity Brands Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, April 17th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, April 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.33%. Acuity Brands’s dividend payout ratio is 4.56%.
Analyst Upgrades and Downgrades
AYI has been the subject of several analyst reports. The Goldman Sachs Group dropped their target price on Acuity Brands from $201.00 to $173.00 and set a “neutral” rating for the company in a report on Wednesday, April 5th. Oppenheimer reiterated an “outperform” rating and issued a $210.00 price objective on shares of Acuity Brands in a report on Tuesday, April 11th. Robert W. Baird dropped their price objective on Acuity Brands from $192.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, April 5th. Wells Fargo & Company dropped their price objective on Acuity Brands from $193.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Finally, UBS Group dropped their price objective on Acuity Brands from $180.00 to $170.00 in a report on Wednesday, April 5th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.88.
Insider Activity
In other news, Director Laura O’shaughnessy acquired 632 shares of the company’s stock in a transaction that occurred on Tuesday, April 11th. The shares were bought at an average price of $158.05 per share, with a total value of $99,887.60. Following the completion of the purchase, the director now directly owns 2,111 shares in the company, valued at $333,643.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.
About Acuity Brands
Acuity Brands, Inc operates as an industrial technology company, which engages in the provision of lighting and building management solutions and services. It operates through the Acuity Brands Lighting and Lighting Controls and Intelligent Spaces Group segments. The company was founded in 2001 and is headquartered in Atlanta, GA.
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