Chevy Chase Trust Holdings Inc. reduced its stake in shares of Acuity Brands Inc. (NYSE:AYI) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 36,674 shares of the company’s stock after selling 817 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Acuity Brands worth $9,704,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock valued at $949,749,000 after buying an additional 663,791 shares during the period. JPMorgan Chase & Co. boosted its stake in Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock valued at $573,116,000 after buying an additional 196,804 shares during the period. State Street Corp boosted its stake in Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock valued at $401,529,000 after buying an additional 188,661 shares during the period. Artisan Partners Limited Partnership boosted its stake in Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock valued at $332,356,000 after buying an additional 5,525 shares during the period. Finally, American Century Companies Inc. boosted its stake in Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock valued at $170,242,000 after buying an additional 23,689 shares during the period. 92.06% of the stock is 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 1.08% during mid-day trading on Friday, reaching $257.53. The company’s stock had a trading volume of 159,233 shares. The firm has a 50-day moving average of $240.98 and a 200-day moving average of $255.45. Acuity Brands Inc. has a 52 week low of $169.42 and a 52 week high of $280.89. The firm has a market capitalization of $11.16 billion, a PE ratio of 38.84 and a beta of 1.34.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The business had revenue of $925.50 million for the quarter. During the same quarter in the previous year, the company posted $1.63 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts forecast that Acuity Brands Inc. will post $9.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Tuesday, October 18th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.20%. Acuity Brands’s payout ratio is 7.83%.

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Several research firms have issued reports on AYI. Roth Capital set a $275.00 target price on Acuity Brands and gave the stock a “hold” rating in a research note on Saturday, October 1st. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Robert W. Baird set a $272.00 target price on Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 6th. William Blair reissued an “outperform” rating on shares of Acuity Brands in a research note on Friday, October 14th. Finally, Cowen and Company set a $285.00 target price on Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $278.67.

About Acuity Brands

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

5 Day Chart for NYSE:AYI

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