Fox Run Management L.L.C. grew its position in shares of Acuity Brands Inc (NYSE:AYI) by 46.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,900 shares of the electronics maker’s stock after buying an additional 600 shares during the quarter. Fox Run Management L.L.C.’s holdings in Acuity Brands were worth $325,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Eagle Asset Management Inc. grew its stake in shares of 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 purchasing an additional 7,657 shares during the period. Wellington Management Group LLP grew its stake in shares of Acuity Brands by 377.5% during the 1st quarter. Wellington Management Group LLP now owns 13,432 shares of the electronics maker’s stock worth $2,740,000 after purchasing an additional 10,619 shares during the period. Peloton Wealth Strategists acquired a new position in shares of Acuity Brands during the 2nd quarter worth $1,235,000. Oppenheimer & Co. Inc. acquired a new position in shares of Acuity Brands during the 2nd quarter worth $384,000. Finally, Swiss National Bank grew its stake in shares of 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 purchasing an additional 4,400 shares during the period.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The firm had revenue of $957.60 million for the quarter, compared to analysts’ expectations of $975.05 million. During the same period in the previous year, the business earned $2.21 earnings per share. Acuity Brands’s revenue for the quarter was up 3.5% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is presently 6.99%.

A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Wolfe Research assumed coverage on shares of Acuity Brands in a research note on Tuesday, July 11th. They set an “outperform” rating and a $237.00 price target on the stock. Roth Capital set a $130.00 price target on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Company cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $225.00 to $185.00 in a research note on Friday, September 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $197.17.

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Acuity Brands 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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