InterOcean Capital LLC Has $827,000 Position in Acuity Brands Inc (AYI)
InterOcean Capital LLC maintained its stake in shares of Acuity Brands Inc (NYSE:AYI) during the fourth quarter, Holdings Channel reports. The firm owned 3,584 shares of the company’s stock at the end of the fourth quarter. InterOcean Capital LLC’s holdings in Acuity Brands were worth $827,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Acuity Brands by 21.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 431 shares of the company’s stock worth $114,000 after buying an additional 76 shares during the period. Assetmark Inc. boosted its position in Acuity Brands by 1.2% in the third quarter. Assetmark Inc. now owns 432 shares of the company’s stock worth $114,000 after buying an additional 5 shares during the period. Global X Management Co. LLC boosted its position in Acuity Brands by 127.1% in the third quarter. Global X Management Co. LLC now owns 461 shares of the company’s stock worth $122,000 after buying an additional 258 shares during the period. Virtus Investment Advisers Inc. bought a new position in Acuity Brands during the third quarter worth about $125,000. Finally, Van ECK Associates Corp boosted its position in Acuity Brands by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 570 shares of the company’s stock worth $132,000 after buying an additional 42 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Acuity Brands Inc (NYSE:AYI) traded up 0.93% during midday trading on Thursday, hitting $218.49. 785,491 shares of the company were exchanged. The firm has a market capitalization of $9.57 billion, a PE ratio of 31.57 and a beta of 1.33. Acuity Brands Inc has a 1-year low of $188.09 and a 1-year high of $280.89. The stock has a 50 day moving average of $214.13 and a 200 day moving average of $243.92.
Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by $0.16. Acuity Brands had a net margin of 8.93% and a return on equity of 20.71%. The firm earned $821.20 million during the quarter. During the same quarter last year, the firm earned $1.65 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities analysts predict that Acuity Brands Inc will post $8.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Shareholders of record on Monday, January 23rd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 19th. Acuity Brands’s payout ratio is 7.50%.
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A number of equities analysts have recently issued reports on AYI shares. Wells Fargo & Company raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, October 31st. Seaport Global Securities started coverage on shares of Acuity Brands in a research report on Friday, November 4th. They set a “buy” rating and a $290.00 price objective on the stock. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Deutsche Bank AG started coverage on shares of Acuity Brands in a research report on Tuesday, November 22nd. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Cowen and Company set a $285.00 price objective on shares of Acuity Brands and gave the stock a “buy” rating in a research report on Tuesday, November 29th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Acuity Brands currently has a consensus rating of “Buy” and a consensus price target of $257.33.
In other Acuity Brands news, Director Ray M. Robinson sold 1,100 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $206.19, for a total value of $226,809.00. Following the transaction, the director now owns 1,307 shares in the company, valued at $269,490.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.
Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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