Kalmar Investments Inc. DE Has $19,754,000 Stake in Acuity Brands Inc. (AYI)
Kalmar Investments Inc. DE maintained its position in Acuity Brands Inc. (NYSE:AYI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,665 shares of the company’s stock at the end of the second quarter. Kalmar Investments Inc. DE owned 0.18% of Acuity Brands worth $19,754,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Acuity Brands during the second quarter valued at approximately $153,000. Genesee Valley Trust Co. bought a new position in Acuity Brands during the second quarter valued at approximately $207,000. Cue Financial Group Inc. bought a new position in Acuity Brands during the second quarter valued at approximately $253,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Acuity Brands during the first quarter valued at approximately $273,000. Finally, UMB Bank N A MO boosted its position in Acuity Brands by 26.3% in the second quarter. UMB Bank N A MO now owns 1,561 shares of the company’s stock valued at $387,000 after buying an additional 325 shares during the last quarter. 93.22% of the stock is owned by hedge funds and other institutional investors.
Acuity Brands Inc. (NYSE:AYI) traded down 1.39% during mid-day trading on Wednesday, hitting $243.06. The stock had a trading volume of 387,441 shares. The firm has a market cap of $10.62 billion, a PE ratio of 36.66 and a beta of 1.46. Acuity Brands Inc. has a 12-month low of $169.42 and a 12-month high of $280.89. The company has a 50-day moving average of $258.29 and a 200-day moving average of $257.22.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.39 by $0.18. The business 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%. Acuity Brands’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. Analysts expect that Acuity Brands Inc. will post $9.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Tuesday, October 18th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, October 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.21%. Acuity Brands’s dividend payout ratio is presently 7.83%.
A number of analysts have issued reports on AYI shares. DA Davidson reaffirmed a “hold” rating and set a $255.00 price target on shares of Acuity Brands in a report on Tuesday, October 4th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $295.00 price target on shares of Acuity Brands in a report on Thursday, June 30th. Credit Agricole SA reaffirmed an “outperform” rating and set a $270.00 price target on shares of Acuity Brands in a report on Friday, July 1st. Canaccord Genuity raised Acuity Brands from a “hold” rating to a “buy” rating and decreased their price target for the stock from $305.00 to $286.00 in a report on Thursday, October 6th. Finally, Zacks Investment Research downgraded Acuity Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $275.36.
About Acuity Brands
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.
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