Stock Traders Buy Large Volume of Acuity Brands Put Options (AYI)
Acuity Brands, Inc. (NYSE:AYI) saw unusually large options trading on Tuesday. Stock traders acquired 2,759 put options on the stock. This is an increase of approximately 1,337% compared to the average daily volume of 192 put options.
Several research firms have weighed in on AYI. Wells Fargo & Co reissued a “market perform” rating and set a $175.00 price target (down previously from $185.00) on shares of Acuity Brands in a research report on Wednesday. Seaport Global Securities restated a “neutral” rating on shares of Acuity Brands in a report on Thursday. Williams Capital cut Acuity Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $204.00 to $175.00 in a report on Wednesday. Robert W. Baird restated a “hold” rating and set a $198.00 price objective on shares of Acuity Brands in a report on Tuesday. Finally, 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 report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Acuity Brands presently has a consensus rating of “Hold” and an average target price of $196.23.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Shares of Acuity Brands (AYI) opened at $159.85 on Friday. Acuity Brands has a fifty-two week low of $153.28 and a fifty-two week high of $225.36. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6,700.00, a price-to-earnings ratio of 21.96, a PEG ratio of 1.96 and a beta of 1.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, January 19th. Acuity Brands’s dividend payout ratio (DPR) is 7.14%.
TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/stock-traders-buy-large-volume-of-acuity-brands-put-options-ayi/1803626.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.
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.