Acuity Brands Inc. (AYI) Receives New Coverage from Analysts at Williams Capital
Other research analysts have also issued research reports about the stock. Credit Agricole SA restated an outperform rating and issued a $270.00 price target on shares of Acuity Brands in a report on Friday, July 1st. Zacks Investment Research downgraded shares of Acuity Brands from a buy rating to a hold rating in a research report on Tuesday, August 30th. Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $295.00 price objective on shares of Acuity Brands in a research report on Thursday, June 30th. William Blair reaffirmed an outperform rating on shares of Acuity Brands in a research report on Monday, July 25th. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Acuity Brands in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Acuity Brands has an average rating of Buy and an average price target of $281.78.
Shares of Acuity Brands (NYSE:AYI) opened at 264.60 on Friday. The company has a 50-day moving average of $268.40 and a 200 day moving average of $254.64. The stock has a market cap of $11.51 billion, a P/E ratio of 43.23 and a beta of 1.46. Acuity Brands has a 52-week low of $169.42 and a 52-week high of $280.89.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Friday, October 14th. Acuity Brands’s payout ratio is 8.48%.
In other Acuity Brands news, CEO Vernon J. Nagel sold 65,060 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $268.30, for a total value of $17,455,598.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Richard K. Reece sold 33,430 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $269.07, for a total value of $8,995,010.10. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of AYI. Vanguard Group Inc. boosted its stake in shares of Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock worth $949,749,000 after buying an additional 663,791 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock worth $573,116,000 after buying an additional 196,804 shares in the last quarter. State Street Corp boosted its stake in shares of Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock worth $401,529,000 after buying an additional 188,661 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock worth $332,356,000 after buying an additional 5,525 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Acuity Brands by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,318,021 shares of the company’s stock worth $287,513,000 after buying an additional 43,167 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.
Acuity Brands Company Profile
Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.
Receive News & Stock Ratings for Acuity Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc. and related stocks with our FREE daily email newsletter.