Bokf Na Sells 41 Shares of Acuity Brands, Inc. (NYSE:AYI)

by · The Cerbat Gem

Bokf Na trimmed its holdings in shares of Acuity Brands, Inc. (NYSE:AYI – Free Report) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 9,311 shares of the electronics maker’s stock after selling 41 shares during the quarter. Bokf Na’s holdings in Acuity Brands were worth $2,842,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brevan Howard Capital Management LP bought a new stake in Acuity Brands during the 4th quarter valued at about $3,614,000. Baird Financial Group Inc. raised its stake in shares of Acuity Brands by 8.8% during the fourth quarter. Baird Financial Group Inc. now owns 4,289 shares of the electronics maker’s stock valued at $1,253,000 after acquiring an additional 347 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Acuity Brands in the fourth quarter valued at approximately $27,507,000. Benjamin Edwards Inc. increased its holdings in Acuity Brands by 7.7% during the 4th quarter. Benjamin Edwards Inc. now owns 1,889 shares of the electronics maker’s stock worth $552,000 after purchasing an additional 135 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Acuity Brands by 3.4% during the 4th quarter. Ameriprise Financial Inc. now owns 384,504 shares of the electronics maker’s stock worth $112,325,000 after purchasing an additional 12,492 shares during the period. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity Brands Price Performance

NYSE AYI opened at $251.20 on Thursday. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.38. The stock’s fifty day moving average price is $252.95 and its 200 day moving average price is $294.71. Acuity Brands, Inc. has a 1 year low of $216.81 and a 1 year high of $345.30.

Acuity Brands (NYSE:AYI – Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The electronics maker reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS. As a group, equities research analysts forecast that Acuity Brands, Inc. will post 15.86 earnings per share for the current year.

Acuity Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.27%. Acuity Brands’s dividend payout ratio is currently 5.16%.

Analysts Set New Price Targets

Several research analysts have issued reports on AYI shares. Morgan Stanley set a $335.00 target price on shares of Acuity Brands in a report on Friday, April 4th. StockNews.com raised shares of Acuity Brands from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Robert W. Baird cut their price target on shares of Acuity Brands from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company decreased their price objective on Acuity Brands from $290.00 to $275.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Finally, Oppenheimer upped their target price on Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.60.

Check Out Our Latest Stock Analysis on AYI

Acuity Brands Company Profile

(Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

See Also

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