Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Acuity Brands, Inc. (NYSE:AYI) by 37.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,986 shares of the electronics maker’s stock after selling 4,147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Acuity Brands were worth $715,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AYI. Prudential Financial Inc. grew its position in Acuity Brands by 107.5% in the second quarter. Prudential Financial Inc. now owns 701,696 shares of the electronics maker’s stock worth $67,180,000 after acquiring an additional 363,599 shares during the period. FMR LLC lifted its stake in Acuity Brands by 14.2% during the second quarter. FMR LLC now owns 2,851,060 shares of the electronics maker’s stock worth $272,961,000 after purchasing an additional 355,500 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Acuity Brands during the second quarter worth $24,332,000. Russell Investments Group Ltd. lifted its stake in Acuity Brands by 929.1% during the second quarter. Russell Investments Group Ltd. now owns 258,104 shares of the electronics maker’s stock worth $24,698,000 after purchasing an additional 233,024 shares in the last quarter. Finally, FIL Ltd lifted its stake in Acuity Brands by 31.3% during the second quarter. FIL Ltd now owns 714,191 shares of the electronics maker’s stock worth $68,377,000 after purchasing an additional 170,452 shares in the last quarter. Institutional investors own 96.82% of the company’s stock.

Acuity Brands stock opened at $109.86 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 2.33. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.33. Acuity Brands, Inc. has a fifty-two week low of $67.46 and a fifty-two week high of $143.55. The stock’s fifty day moving average is $98.70 and its two-hundred day moving average is $97.76.

Acuity Brands (NYSE:AYI) last posted its earnings results on Tuesday, October 13th. The electronics maker reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.32. The company had revenue of $891.20 million for the quarter, compared to analyst estimates of $825.34 million. Acuity Brands had a return on equity of 14.43% and a net margin of 7.46%. Acuity Brands’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. As a group, sell-side analysts forecast that Acuity Brands, Inc. will post 7.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Monday, October 19th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, October 16th. Acuity Brands’s payout ratio is currently 6.92%.

Several analysts have recently issued reports on AYI shares. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research note on Monday, October 12th. Oppenheimer increased their price objective on Acuity Brands from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, UBS Group assumed coverage on Acuity Brands in a research note on Tuesday, September 15th. They issued a “sell” rating and a $91.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $98.30.

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.

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

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