Aperio Group LLC boosted its position in shares of Acuity Brands Inc (NYSE:AYI) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,713 shares of the electronics maker’s stock after purchasing an additional 1,106 shares during the period. Aperio Group LLC’s holdings in Acuity Brands were worth $2,006,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Acuity Brands by 2.8% during the second quarter. Vanguard Group Inc. now owns 4,299,432 shares of the electronics maker’s stock worth $873,989,000 after purchasing an additional 117,422 shares during the period. BlackRock Inc. raised its stake in Acuity Brands by 12.8% during the second quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after purchasing an additional 484,537 shares during the period. Standard Life Investments LTD raised its stake in Acuity Brands by 24.9% during the second quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after purchasing an additional 356,199 shares during the period. Atlanta Capital Management Co. L L C raised its stake in Acuity Brands by 19.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after purchasing an additional 231,406 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Acuity Brands by 0.8% during the second quarter. Ameriprise Financial Inc. now owns 1,391,291 shares of the electronics maker’s stock worth $282,740,000 after purchasing an additional 11,248 shares during the period.

In related news, EVP Mark A. Black sold 7,441 shares of Acuity Brands stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the transaction, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Aperio Group LLC Has $2.01 Million Holdings in Acuity Brands Inc (AYI)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/15/aperio-group-llc-has-2-01-million-holdings-in-acuity-brands-inc-ayi.html.

Shares of Acuity Brands Inc (NYSE AYI) opened at $164.31 on Wednesday. The stock has a market cap of $6,881.48, a P/E ratio of 20.49, a PEG ratio of 1.72 and a beta of 1.44. Acuity Brands Inc has a 52 week low of $153.28 and a 52 week high of $261.43. The company has a quick ratio of 1.53, a current ratio of 2.07 and a debt-to-equity ratio of 0.21.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 earnings per share. sell-side analysts anticipate that Acuity Brands Inc will post 8.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is currently 6.99%.

AYI has been the topic of a number of analyst reports. BidaskClub downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company downgraded shares of Acuity Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $225.00 to $185.00 in a research note on Friday, September 15th. Robert W. Baird downgraded shares of Acuity Brands from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $212.00 to $178.00 in a research note on Tuesday, September 19th. Zacks Investment Research downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, JMP Securities raised shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 target price on the stock in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $197.17.

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.

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands Inc (NYSE:AYI).

Institutional Ownership by Quarter for Acuity Brands (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.