Kornitzer Capital Management Inc. KS lowered its stake in Acuity Brands Inc. (NYSE:AYI) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,854 shares of the company’s stock after selling 8,225 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.26% of Acuity Brands worth $28,231,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Cupps Capital Management LLC increased its stake in shares of Acuity Brands by 13,618.2% in the first quarter. Cupps Capital Management LLC now owns 4,527 shares of the company’s stock valued at $987,000 after buying an additional 4,494 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Acuity Brands by 5.2% in the first quarter. BB&T Securities LLC now owns 1,975 shares of the company’s stock valued at $430,000 after buying an additional 98 shares during the last quarter. Credit Agricole S A increased its stake in shares of Acuity Brands by 197.1% in the first quarter. Credit Agricole S A now owns 139,838 shares of the company’s stock valued at $30,504,000 after buying an additional 92,774 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Acuity Brands during the first quarter valued at $273,000. Finally, Aviva PLC increased its stake in shares of Acuity Brands by 87.9% in the first quarter. Aviva PLC now owns 45,856 shares of the company’s stock valued at $10,003,000 after buying an additional 21,456 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Acuity Brands Inc. (NYSE:AYI) traded up 1.44% during trading on Friday, reaching $248.10. 508,058 shares of the company’s stock were exchanged. Acuity Brands Inc. has a 52 week low of $169.42 and a 52 week high of $280.89. The company’s 50-day moving average is $260.71 and its 200 day moving average is $256.09. The stock has a market capitalization of $10.84 billion, a PE ratio of 37.42 and a beta of 1.46.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by $0.18. The firm had revenue of $925.50 million for the quarter. Acuity Brands had a net margin of 8.84% and a return on equity of 20.99%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. On average, analysts forecast that Acuity Brands Inc. will post $9.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Tuesday, October 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.21%. Acuity Brands’s dividend payout ratio (DPR) is presently 7.83%.

A number of equities research analysts have commented on AYI shares. Zacks Investment Research downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. Roth Capital started coverage on shares of Acuity Brands in a research report on Thursday, August 25th. They issued a “neutral” rating and a $275.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of Acuity Brands in a research report on Monday, July 25th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $295.00 price objective on shares of Acuity Brands in a research report on Friday, September 16th. Finally, DA Davidson reissued a “hold” rating and issued a $255.00 price objective on shares of Acuity Brands in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $275.36.

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.

5 Day Chart for NYSE:AYI

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