Daiwa SB Investments Ltd. lessened its holdings in Acuity Brands, Inc. (NYSE:AYI) by 33.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,885 shares of the electronics maker’s stock after selling 1,960 shares during the period. Daiwa SB Investments Ltd.’s holdings in Acuity Brands were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in AYI. Tower Research Capital LLC TRC increased its holdings in Acuity Brands by 661.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after buying an additional 476 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in Acuity Brands by 11.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after buying an additional 58 shares during the period. QS Investors LLC increased its holdings in Acuity Brands by 1.2% in the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after buying an additional 7 shares during the period. First Bank & Trust increased its holdings in Acuity Brands by 183.7% in the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock valued at $128,000 after buying an additional 483 shares during the period. Finally, Commonwealth Bank of Australia increased its holdings in Acuity Brands by 20.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 830 shares of the electronics maker’s stock valued at $168,000 after buying an additional 142 shares during the period.

Several equities research analysts have issued reports on the stock. Wells Fargo & Co lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $225.00 to $185.00 in a report on Friday, September 15th. JMP Securities raised shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target on the stock in a report on Tuesday, October 3rd. KeyCorp assumed coverage on shares of Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating on the stock. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Robert W. Baird lowered shares of Acuity Brands from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $212.00 to $178.00 in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $196.23.

Shares of Acuity Brands, Inc. (NYSE:AYI) opened at $158.74 on Friday. Acuity Brands, Inc. has a 52 week low of $153.28 and a 52 week high of $225.36. The company has a quick ratio of 1.53, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. The company has a market cap of $6,739.00, a price-to-earnings ratio of 20.21, a PEG ratio of 1.67 and a beta of 1.44.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $0.52 annualized dividend and a dividend yield of 0.33%. Acuity Brands’s dividend payout ratio is presently 7.14%.

In other news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

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

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