Lakeview Capital Partners LLC boosted its stake in Acuity Brands Inc (NYSE:AYI) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,506 shares of the electronics maker’s stock after buying an additional 55 shares during the period. Lakeview Capital Partners LLC’s holdings in Acuity Brands were worth $306,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in shares of Acuity Brands by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 104,821 shares of the electronics maker’s stock worth $24,198,000 after buying an additional 728 shares during the last quarter. Macquarie Group Ltd. increased its stake in Acuity Brands by 91.4% in the fourth quarter. Macquarie Group Ltd. now owns 58,500 shares of the electronics maker’s stock worth $13,505,000 after buying an additional 27,929 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Acuity Brands by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 38,023 shares of the electronics maker’s stock worth $7,757,000 after buying an additional 996 shares during the period. Creative Planning boosted its position in shares of Acuity Brands by 2.1% in the first quarter. Creative Planning now owns 3,186 shares of the electronics maker’s stock worth $650,000 after buying an additional 66 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in shares of Acuity Brands by 1.9% in the first quarter. Gulf International Bank UK Ltd now owns 13,225 shares of the electronics maker’s stock worth $2,697,000 after buying an additional 245 shares during the period. 95.15% of the stock is currently owned by hedge funds and other institutional investors.

Acuity Brands Inc (NYSE:AYI) traded down 1.56% on Friday, reaching $178.33. 425,234 shares of the company’s stock traded hands. The stock’s 50 day moving average is $198.40 and its 200 day moving average is $192.02. Acuity Brands Inc has a 52-week low of $157.33 and a 52-week high of $280.89. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 24.88 and a beta of 1.41.

Acuity Brands (NYSE:AYI) last issued its earnings results on Thursday, June 29th. The electronics maker reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.12. The business had revenue of $891.60 million for the quarter, compared to the consensus estimate of $878.66 million. Acuity Brands had a net margin of 9.04% and a return on equity of 19.89%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share. On average, equities research analysts predict that Acuity Brands Inc will post $8.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were issued a $0.13 dividend. The ex-dividend date was Friday, July 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.29%. Acuity Brands’s dividend payout ratio is currently 7.24%.

Acuity Brands declared that its board has approved a share repurchase program on Thursday, June 29th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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Several analysts have commented on AYI shares. Zacks Investment Research cut shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Wells Fargo & Company reissued an “outperform” rating and set a $200.00 price objective (up from $196.00) on shares of Acuity Brands in a research note on Tuesday, June 6th. Wolfe Research assumed coverage on shares of Acuity Brands in a report on Tuesday, July 11th. They set an “outperform” rating and a $237.00 target price on the stock. Oppenheimer Holdings, Inc. reduced their target price on shares of Acuity Brands from $265.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, July 4th. Finally, Robert W. Baird cut their price objective on shares of Acuity Brands from $242.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $219.00.

In other news, EVP Mark A. Black sold 5,427 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $205.29, for a total value of $1,114,108.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter C. Browning sold 970 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $200.05, for a total transaction of $194,048.50. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $200,050. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

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.

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

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