Acuity Brands, Inc. (NYSE:AYI) Position Reduced by Texas Permanent School Fund

Texas Permanent School Fund cut its position in shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,826 shares of the electronics maker’s stock after selling 464 shares during the quarter. Texas Permanent School Fund owned 0.07% of Acuity Brands worth $4,700,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Acuity Brands by 15.8% in the fourth quarter. American Century Companies Inc. now owns 864,946 shares of the electronics maker’s stock worth $183,126,000 after purchasing an additional 118,116 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Acuity Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 472,054 shares of the electronics maker’s stock worth $99,943,000 after purchasing an additional 25,336 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Acuity Brands by 6.9% in the fourth quarter. First Trust Advisors LP now owns 414,576 shares of the electronics maker’s stock worth $87,774,000 after purchasing an additional 26,646 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Acuity Brands by 33.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 390,465 shares of the electronics maker’s stock worth $82,669,000 after purchasing an additional 97,105 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Acuity Brands by 15.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,730 shares of the electronics maker’s stock worth $44,616,000 after purchasing an additional 28,004 shares in the last quarter. 93.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AYI has been the subject of a number of research analyst reports. William Blair lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 23rd. Wells Fargo & Company dropped their price objective on Acuity Brands from $200.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Cowen dropped their price objective on Acuity Brands to $225.00 in a report on Monday, July 4th. Robert W. Baird increased their price objective on Acuity Brands from $188.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, July 1st. Finally, Oppenheimer restated an “outperform” rating and issued a $210.00 price objective on shares of Acuity Brands in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Acuity Brands presently has an average rating of “Moderate Buy” and an average target price of $210.57.

Insider Transactions at Acuity Brands

In related news, Director Laura O’shaughnessy acquired 575 shares of the stock in a transaction dated Thursday, July 28th. The shares were acquired at an average price of $174.54 per share, for a total transaction of $100,360.50. Following the completion of the purchase, the director now owns 1,479 shares in the company, valued at approximately $258,144.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Barry R. Goldman sold 906 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $177.47, for a total value of $160,787.82. Following the completion of the transaction, the senior vice president now directly owns 4,749 shares of the company’s stock, valued at $842,805.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Laura O’shaughnessy bought 575 shares of Acuity Brands stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of $174.54 per share, with a total value of $100,360.50. Following the completion of the transaction, the director now owns 1,479 shares of the company’s stock, valued at $258,144.66. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Acuity Brands Trading Up 2.0 %

Shares of AYI stock opened at $178.97 on Friday. Acuity Brands, Inc. has a 12 month low of $142.71 and a 12 month high of $224.59. The company has a quick ratio of 1.19, a current ratio of 1.86 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $167.34 and its two-hundred day moving average is $176.21. The company has a market cap of $5.85 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.58.

Acuity Brands (NYSE:AYIGet Rating) last announced its quarterly earnings results on Thursday, June 30th. The electronics maker reported $3.30 EPS for the quarter, beating the consensus estimate of $2.80 by $0.50. Acuity Brands had a return on equity of 19.77% and a net margin of 9.43%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $988.15 million. During the same quarter last year, the company posted $2.62 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts predict that Acuity Brands, Inc. will post 11.52 EPS for the current year.

Acuity Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.29%. Acuity Brands’s payout ratio is 5.01%.

About Acuity Brands

(Get Rating)

Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.

Featured Stories

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands, Inc. (NYSE:AYIGet Rating).

Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.