Scout Investments Inc. lifted its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,858 shares of the electronics maker’s stock after purchasing an additional 7,687 shares during the period. Scout Investments Inc. owned 0.36% of Acuity Brands worth $17,384,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Acuity Brands by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 1,503,901 shares of the electronics maker’s stock valued at $236,413,000 after acquiring an additional 194,259 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Acuity Brands by 9.4% in the third quarter. Bank of New York Mellon Corp now owns 571,971 shares of the electronics maker’s stock valued at $89,915,000 after acquiring an additional 49,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Acuity Brands by 24.4% in the third quarter. Dimensional Fund Advisors LP now owns 282,107 shares of the electronics maker’s stock valued at $44,349,000 after acquiring an additional 55,273 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Acuity Brands by 28.6% in the third quarter. Riverhead Capital Management LLC now owns 4,100 shares of the electronics maker’s stock valued at $645,000 after acquiring an additional 911 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Acuity Brands by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 66,794 shares of the electronics maker’s stock valued at $10,500,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.

Shares of AYI stock opened at $143.00 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.11 and a quick ratio of 1.40. The firm has a market cap of $5.62 billion, a P/E ratio of 17.40, a PEG ratio of 1.59 and a beta of 1.54. Acuity Brands, Inc. has a 12 month low of $103.48 and a 12 month high of $173.01.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. Acuity Brands had a net margin of 8.63% and a return on equity of 20.46%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $877.82 million. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Acuity Brands, Inc. will post 8.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 17th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.52 annualized dividend and a yield of 0.36%. Acuity Brands’s dividend payout ratio is presently 6.33%.

A number of analysts have issued reports on the company. ValuEngine raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Robert W. Baird boosted their target price on shares of Acuity Brands from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Wells Fargo & Co reiterated a “buy” rating and set a $155.00 target price (up previously from $146.00) on shares of Acuity Brands in a research note on Thursday, April 4th. Credit Suisse Group reiterated a “market perform” rating and set a $128.00 target price (down previously from $135.00) on shares of Acuity Brands in a research note on Thursday, January 3rd. Finally, JMP Securities boosted their target price on shares of Acuity Brands from $176.00 to $184.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $150.50.

COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/scout-investments-inc-buys-7687-shares-of-acuity-brands-inc-ayi/2963941.html.

About Acuity Brands

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

Read More: What is intrinsic value?

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

Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.