Voloridge Investment Management LLC increased its position in shares of Acuity Brands Inc. (NYSE:AYI) by 588.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,704 shares of the company’s stock after buying an additional 46,762 shares during the period. Voloridge Investment Management LLC owned 0.13% of Acuity Brands worth $13,564,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AYI. Stephens Inc. AR raised its stake in shares of Acuity Brands by 0.4% in the second quarter. Stephens Inc. AR now owns 998 shares of the company’s stock worth $247,000 after buying an additional 4 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Acuity Brands by 1.5% in the second quarter. Segall Bryant & Hamill LLC now owns 1,362 shares of the company’s stock worth $338,000 after buying an additional 20 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in shares of Acuity Brands by 1.1% in the second quarter. Commonwealth Equity Services Inc now owns 2,130 shares of the company’s stock worth $528,000 after buying an additional 23 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Acuity Brands by 2.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 1,106 shares of the company’s stock worth $247,000 after buying an additional 27 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of Acuity Brands by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 2,392 shares of the company’s stock worth $593,000 after buying an additional 29 shares during the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

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

Shares of Acuity Brands Inc. (NYSE:AYI) traded down 0.54% during midday trading on Friday, reaching $253.56. 676,129 shares of the company’s stock traded hands. Acuity Brands Inc. has a 52-week low of $169.42 and a 52-week high of $280.89. The firm has a market cap of $10.99 billion, a PE ratio of 38.24 and a beta of 1.34. The company has a 50 day moving average of $242.17 and a 200 day moving average of $254.91.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a net margin of 8.84% and a return on equity of 20.99%. The business earned $925.50 million during the quarter. During the same period in the prior year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, equities analysts predict that Acuity Brands Inc. will post $9.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Friday, October 14th. Acuity Brands’s dividend payout ratio (DPR) is currently 7.83%.

A number of equities analysts have issued reports on AYI shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $286.00 price objective (down from $305.00) on shares of Acuity Brands in a research note on Friday, September 30th. Williams Capital started coverage on shares of Acuity Brands in a research note on Friday, September 30th. They issued a “buy” rating and a $306.00 price objective on the stock. Robert W. Baird set a $272.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 6th. Cowen and Company set a $285.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 6th. Finally, Seaport Global Securities started coverage on shares of Acuity Brands in a research note on Friday, November 4th. They issued a “buy” rating and a $290.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $276.58.

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

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.