APG Asset Management N.V. boosted its position in Acuity Brands Inc (NYSE:AYI) by 17.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,023 shares of the electronics maker’s stock after buying an additional 4,500 shares during the quarter. APG Asset Management N.V. owned approximately 0.07% of Acuity Brands worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AYI. BlackRock Inc. boosted its stake in Acuity Brands by 12.8% in the second quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after buying an additional 484,537 shares in the last quarter. Standard Life Investments LTD boosted its stake in Acuity Brands by 24.9% in the second quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after buying an additional 356,199 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Acuity Brands by 19.6% in the second 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 buying an additional 231,406 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Acuity Brands in the second quarter worth approximately $40,656,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in Acuity Brands by 66.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 408,513 shares of the electronics maker’s stock worth $83,042,000 after buying an additional 163,429 shares in the last quarter.

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Acuity Brands Inc (NYSE AYI) opened at $162.07 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53. The firm has a market cap of $6,820.07, a P/E ratio of 20.31, a P/E/G ratio of 1.70 and a beta of 1.44.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.32%. Acuity Brands’s dividend payout ratio is presently 6.99%.

Several brokerages have issued reports on AYI. BidaskClub lowered Acuity Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wells Fargo & Company lowered Acuity Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $225.00 to $185.00 in a research note on Friday, September 15th. JMP Securities raised Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective for the company in a research note on Tuesday, October 3rd. KeyCorp initiated coverage on Acuity Brands in a research note on Friday, October 13th. They set a “sector weight” rating for the company. Finally, Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company 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.

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

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