Fuller & Thaler Asset Management Inc. Takes Position in Acuity Brands Inc (AYI)
Fuller & Thaler Asset Management Inc. bought a new position in Acuity Brands Inc (NYSE:AYI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the electronics maker’s stock, valued at approximately $206,000.
A number of other institutional investors also recently modified their holdings of AYI. Tower Research Capital LLC TRC increased its position in Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after purchasing an additional 476 shares during the period. Seven Bridges Advisors LLC purchased a new position in Acuity Brands during the 2nd quarter valued at $117,000. YorkBridge Wealth Partners LLC increased its position in Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after purchasing an additional 58 shares during the period. QS Investors LLC increased its position in Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 7 shares during the period. Finally, Israel Discount Bank of New York increased its position in Acuity Brands by 32.3% during the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 150 shares during the period.
AYI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. KeyCorp began coverage on shares of Acuity Brands in a report on Friday, October 13th. They set a “sector weight” rating on the stock. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $212.00 to $178.00 in a report on Tuesday, September 19th. BidaskClub cut shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Wolfe Research cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $197.17.
In related news, EVP Mark A. Black sold 7,441 shares of the company’s stock in a transaction dated 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 transaction, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
Shares of Acuity Brands Inc (NYSE:AYI) opened at $157.99 on Monday. Acuity Brands Inc has a fifty-two week low of $153.28 and a fifty-two week high of $257.94. The company has a market cap of $6,660.00, a price-to-earnings ratio of 19.80, a PEG ratio of 1.66 and a beta of 1.44. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million for the quarter, compared to analysts’ expectations of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 EPS. sell-side analysts forecast that Acuity Brands Inc will post 8.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Tuesday, October 17th. Acuity Brands’s payout ratio is 7.00%.
WARNING: “Fuller & Thaler Asset Management Inc. Takes Position in Acuity Brands Inc (AYI)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/fuller-thaler-asset-management-inc-takes-position-in-acuity-brands-inc-ayi-2/1728845.html.
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.
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:AYI).
Receive News & Ratings for Acuity Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.