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.
Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Acuity Brands by 661.1% in the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after acquiring an additional 476 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after acquiring an additional 58 shares during the last quarter. QS Investors LLC boosted its holdings in Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 7 shares during the last quarter. First Bank & Trust boosted its holdings in Acuity Brands by 183.7% in the third quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 483 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in Acuity Brands by 20.6% in the second quarter. Commonwealth Bank of Australia now owns 830 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 142 shares during the last quarter.
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%.
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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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