Acuity Brands Inc (NYSE:AYI) Director Peter C. Browning sold 970 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $200.05, for a total value of $194,048.50. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at approximately $200,050. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Acuity Brands Inc (NYSE AYI) traded up 0.71% during mid-day trading on Friday, hitting $204.70. The stock had a trading volume of 851,673 shares. The stock’s 50-day moving average is $174.08 and its 200 day moving average is $198.22. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 28.55 and a beta of 1.42. Acuity Brands Inc has a 1-year low of $157.33 and a 1-year high of $280.89.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Thursday, June 29th. The electronics maker reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.12. Acuity Brands had a net margin of 9.04% and a return on equity of 19.89%. The business had revenue of $891.60 million for the quarter, compared to analyst estimates of $878.66 million. During the same quarter in the prior year, the business posted $2.06 EPS. Acuity Brands’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Acuity Brands Inc will post $8.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, July 14th. Acuity Brands’s dividend payout ratio (DPR) is currently 7.24%.

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Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC increased its stake in Acuity Brands by 58.1% in the first quarter. Integrated Investment Consultants LLC now owns 558 shares of the electronics maker’s stock valued at $114,000 after buying an additional 205 shares during the period. WFG Advisors LP increased its stake in Acuity Brands by 2,896.3% in the fourth quarter. WFG Advisors LP now owns 809 shares of the electronics maker’s stock valued at $123,000 after buying an additional 782 shares during the period. Van ECK Associates Corp increased its stake in Acuity Brands by 7.7% in the first quarter. Van ECK Associates Corp now owns 614 shares of the electronics maker’s stock valued at $125,000 after buying an additional 44 shares during the period. Capital Analysts LLC increased its stake in shares of Acuity Brands by 3.8% in the first quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock worth $139,000 after buying an additional 25 shares during the period. Finally, Global X Management Co. LLC increased its stake in shares of Acuity Brands by 204.1% in the first quarter. Global X Management Co. LLC now owns 745 shares of the electronics maker’s stock worth $152,000 after buying an additional 500 shares during the period. 95.09% of the stock is currently owned by institutional investors and hedge funds.

AYI has been the topic of a number of research analyst reports. Roth Capital set a $150.00 target price on Acuity Brands and gave the company a “sell” rating in a report on Wednesday, March 22nd. Canaccord Genuity reiterated a “buy” rating on shares of Acuity Brands in a research note on Tuesday, March 28th. Zacks Investment Research cut Acuity Brands from a “hold” rating to a “sell” rating in a research note on Monday, March 20th. Deutsche Bank AG reiterated a “buy” rating and issued a $215.00 price target (down from $245.00) on shares of Acuity Brands in a research note on Tuesday, May 30th. Finally, Robert W. Baird dropped their price target on Acuity Brands from $242.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $219.00.

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.

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