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%.

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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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