BNP Paribas Arbitrage SA Acquires 3,389 Shares of Acuity Brands Inc (AYI)
BNP Paribas Arbitrage SA increased its position in shares of Acuity Brands Inc (NYSE:AYI) by 15.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,790 shares of the electronics maker’s stock after acquiring an additional 3,389 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.06% of Acuity Brands worth $4,246,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Eagle Asset Management Inc. increased its holdings in Acuity Brands by 2.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 366,528 shares of the electronics maker’s stock worth $74,507,000 after acquiring an additional 7,657 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Acuity Brands by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,934 shares of the electronics maker’s stock worth $10,557,000 after acquiring an additional 1,745 shares during the period. Peloton Wealth Strategists bought a new stake in Acuity Brands during the 2nd quarter worth approximately $1,235,000. Oppenheimer & Co. Inc. bought a new stake in Acuity Brands during the 2nd quarter worth approximately $384,000. Finally, Swiss National Bank increased its holdings in Acuity Brands by 2.8% during the 2nd quarter. Swiss National Bank now owns 160,600 shares of the electronics maker’s stock worth $32,647,000 after acquiring an additional 4,400 shares during the period.
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In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the sale, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on AYI. KeyCorp began coverage on shares of Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Wolfe Research lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. 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 report on Friday, October 6th. Finally, Roth Capital set a $130.00 price target on shares of Acuity Brands and gave the stock a “sell” rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $197.17.
Acuity Brands Inc (NYSE:AYI) opened at $161.82 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 stock has a market cap of $6,809.55, a PE ratio of 20.28, a P/E/G ratio of 1.70 and a beta of 1.44. Acuity Brands Inc has a 12 month low of $153.28 and a 12 month high of $257.94.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.25. The company had revenue of $957.60 million during the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. Acuity Brands’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. analysts anticipate that Acuity Brands Inc will post 8.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were paid 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 yield of 0.32%. Acuity Brands’s dividend payout ratio is currently 6.99%.
About Acuity Brands
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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