Acuity Brands, Inc. (NYSE:AYI) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Acuity Brands, Inc. (NYSE:AYIFree Report) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,100 shares of the electronics maker’s stock after selling 91 shares during the quarter. Amalgamated Bank’s holdings in Acuity Brands were worth $5,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AYI. Venturi Wealth Management LLC raised its position in shares of Acuity Brands by 77.3% during the 4th quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. EdgeRock Capital LLC acquired a new position in Acuity Brands in the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. grew its holdings in shares of Acuity Brands by 5,666.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Acuity Brands by 85.7% during the 4th quarter. Global Retirement Partners LLC now owns 221 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 102 shares during the period. Finally, Assetmark Inc. raised its position in shares of Acuity Brands by 900.0% during the 4th quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 225 shares during the period. 98.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Maya Leibman purchased 200 shares of the stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $248.91 per share, for a total transaction of $49,782.00. Following the transaction, the director now owns 200 shares in the company, valued at $49,782. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Karen J. Holcom sold 7,745 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the completion of the sale, the chief financial officer now directly owns 20,287 shares of the company’s stock, valued at $5,320,062.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maya Leibman bought 200 shares of Acuity Brands stock in a transaction that occurred on Thursday, April 25th. The shares were acquired at an average price of $248.91 per share, with a total value of $49,782.00. Following the completion of the acquisition, the director now directly owns 200 shares of the company’s stock, valued at approximately $49,782. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on Acuity Brands from $236.00 to $286.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. Wells Fargo & Company boosted their price target on shares of Acuity Brands from $260.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Oppenheimer lifted their price objective on shares of Acuity Brands from $250.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. StockNews.com upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Finally, The Goldman Sachs Group lifted their price target on Acuity Brands from $227.00 to $261.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $289.25.

View Our Latest Research Report on AYI

Acuity Brands Stock Performance

Shares of NYSE AYI traded up $3.36 during midday trading on Tuesday, reaching $265.23. 144,086 shares of the company traded hands, compared to its average volume of 255,825. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.79 and a beta of 1.47. The stock has a 50-day moving average price of $260.01 and a 200 day moving average price of $230.18. Acuity Brands, Inc. has a 52 week low of $149.30 and a 52 week high of $272.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.59 and a quick ratio of 1.96.

Acuity Brands (NYSE:AYIGet Free Report) last released its earnings results on Wednesday, April 3rd. The electronics maker reported $3.08 EPS for the quarter, beating the consensus estimate of $2.85 by $0.23. The firm had revenue of $905.90 million for the quarter, compared to analysts’ expectations of $897.01 million. Acuity Brands had a net margin of 9.81% and a return on equity of 21.22%. Sell-side analysts anticipate that Acuity Brands, Inc. will post 14.48 earnings per share for the current fiscal year.

Acuity Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 16th. This represents a $0.60 annualized dividend and a yield of 0.23%. Acuity Brands’s payout ratio is 5.02%.

Acuity Brands 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.

Further Reading

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

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