Acuity Brands Inc (NYSE:AYI) EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the sale, the executive vice president now owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Acuity Brands Inc (NYSE:AYI) opened at $166.07 on Tuesday. The firm has a market cap of $6,820.04, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million for the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. Acuity Brands’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. sell-side analysts predict that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Tuesday, October 17th. Acuity Brands’s payout ratio is 6.99%.

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A number of large investors have recently bought and sold shares of AYI. BlackRock Inc. raised its position in Acuity Brands by 12.8% during the second quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock valued at $866,145,000 after buying an additional 484,537 shares during the period. Standard Life Investments LTD increased its position in Acuity Brands by 24.9% in the 2nd quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after purchasing an additional 356,199 shares during the last quarter. American Century Companies Inc. increased its position in Acuity Brands by 68.1% in the 3rd quarter. American Century Companies Inc. now owns 779,190 shares of the electronics maker’s stock worth $133,460,000 after purchasing an additional 315,610 shares during the last quarter. Atlanta Capital Management Co. L L C increased its position in Acuity Brands by 19.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after purchasing an additional 231,406 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Acuity Brands in the 2nd quarter worth about $40,656,000.

A number of brokerages recently commented on AYI. BidaskClub downgraded Acuity Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Wolfe Research began coverage on Acuity Brands in a research note on Tuesday, July 11th. They set an “outperform” rating and a $237.00 price objective for the company. Roth Capital set a $130.00 price objective on Acuity Brands and gave the stock a “sell” rating in a research note on Thursday, October 5th. Wells Fargo & Company cut Acuity Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $225.00 to $185.00 in a research note on Friday, September 15th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Acuity Brands has a consensus rating of “Hold” and a consensus target price of $197.17.

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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