State Treasurer State of Michigan raised its position in shares of Acuity Brands Inc. (NYSE:AYI) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,300 shares of the company’s stock after buying an additional 100 shares during the period. State Treasurer State of Michigan’s holdings in Acuity Brands were worth $4,048,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased 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 worth $949,749,000 after buying an additional 663,791 shares in the last quarter. JPMorgan Chase & Co. increased 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 worth $573,116,000 after buying an additional 196,804 shares in the last quarter. State Street Corp increased 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 worth $401,529,000 after buying an additional 188,661 shares in the last quarter. Janus Capital Management LLC increased its stake in Acuity Brands by 56.5% in the second quarter. Janus Capital Management LLC now owns 470,533 shares of the company’s stock worth $116,673,000 after buying an additional 169,833 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Acuity Brands by 302.0% in the second quarter. Guggenheim Capital LLC now owns 177,803 shares of the company’s stock worth $44,088,000 after buying an additional 133,572 shares in the last quarter. 91.31% 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 down 2.62% during trading on Monday, reaching $250.78. 446,559 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 company has a market cap of $10.87 billion, a price-to-earnings ratio of 37.83 and a beta of 1.34. The company’s 50-day moving average is $240.98 and its 200 day moving average is $255.45.

Acuity Brands (NYSE:AYI) last issued its 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. The business had revenue of $925.50 million for the quarter. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. Equities analysts forecast that Acuity Brands Inc. will post $9.49 EPS for the current year.

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

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AYI has been the subject of a number of recent research reports. DA Davidson reissued a “hold” rating and issued a $255.00 price objective on shares of Acuity Brands in a report on Tuesday, October 4th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $295.00 target price on shares of Acuity Brands in a research report on Friday, September 16th. Wells Fargo & Co. upgraded shares of Acuity Brands from a “market perform” rating to an “outperform” rating in a research report on Monday, October 31st. Finally, Canaccord Genuity restated a “buy” rating and issued a $286.00 target price (down from $305.00) on shares of Acuity Brands in a research report on Friday, September 30th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Acuity Brands presently has a consensus rating of “Buy” and an average target price of $278.67.

Acuity Brands Company Profile

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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