SG Americas Securities LLC Has $2.92 Million Holdings in Acuity Brands Inc (AYI)
SG Americas Securities LLC boosted its stake in Acuity Brands Inc (NYSE:AYI) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,025 shares of the electronics maker’s stock after purchasing an additional 3,353 shares during the period. SG Americas Securities LLC’s holdings in Acuity Brands were worth $2,916,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake 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 worth $111,000 after purchasing an additional 476 shares during the period. Seven Bridges Advisors LLC bought a new stake in shares of Acuity Brands in the 2nd quarter worth approximately $117,000. YorkBridge Wealth Partners LLC grew its position in shares of Acuity Brands by 11.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after buying an additional 58 shares during the last quarter. QS Investors LLC grew its position in shares of Acuity Brands by 1.2% in the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after buying an additional 7 shares during the last quarter. Finally, Israel Discount Bank of New York grew its position in shares of Acuity Brands by 32.3% in the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after buying an additional 150 shares during the last quarter.
A number of brokerages have recently weighed in on AYI. BidaskClub lowered Acuity Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wells Fargo & Company lowered Acuity Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $225.00 to $185.00 in a research report on Friday, September 15th. JMP Securities upgraded Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective on the stock in a research report on Tuesday, October 3rd. KeyCorp assumed coverage on Acuity Brands in a research report on Friday, October 13th. They issued a “sector weight” rating on the stock. Finally, Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Three 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. Acuity Brands presently has a consensus rating of “Hold” and an average price target of $197.17.
Acuity Brands Inc (AYI) opened at $162.47 on Wednesday. The stock has a market capitalization of $6,840.00, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. Acuity Brands Inc has a one year low of $153.28 and a one year high of $257.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.25. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. During the same quarter in the previous year, the business earned $2.21 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. equities research analysts forecast that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Tuesday, October 17th. Acuity Brands’s dividend payout ratio is currently 7.00%.
In other news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the transaction, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
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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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