Global X MANAGEMENT CO LLC raised its position in Acuity Brands Inc (NYSE:AYI) by 21.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,108 shares of the electronics maker’s stock after acquiring an additional 370 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in Acuity Brands were worth $361,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AYI. Alps Advisors Inc. boosted its stake in shares of Acuity Brands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 2,327 shares of the electronics maker’s stock valued at $473,000 after purchasing an additional 6 shares in the last quarter. QS Investors LLC boosted its stake in shares of Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 7 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Acuity Brands by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,024 shares of the electronics maker’s stock valued at $818,000 after purchasing an additional 15 shares in the last quarter. Sentry Investment Management LLC boosted its stake in shares of Acuity Brands by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 3,301 shares of the electronics maker’s stock valued at $671,000 after purchasing an additional 35 shares in the last quarter. Finally, Lakeview Capital Partners LLC boosted its stake in shares of Acuity Brands by 3.8% during the 2nd quarter. Lakeview Capital Partners LLC now owns 1,506 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 55 shares in the last quarter.

Shares of Acuity Brands Inc (NYSE AYI) opened at $161.82 on Monday. Acuity Brands Inc has a 52 week low of $153.28 and a 52 week high of $257.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07. The company has a market cap of $6,809.52, a PE ratio of 20.28, a P/E/G ratio of 1.70 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million for the quarter, compared to the consensus estimate of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.21 earnings per share. analysts expect that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $0.52 annualized dividend and a dividend yield of 0.32%. Acuity Brands’s dividend payout ratio is presently 6.99%.

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A number of equities research analysts have recently weighed in on the stock. 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. Seaport Global Securities reaffirmed a “buy” rating and set a $200.00 target price (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. BidaskClub lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Roth Capital set a $130.00 target price on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Company lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and cut their target price for the company from $225.00 to $185.00 in a research note on Friday, September 15th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Acuity Brands presently has an average rating of “Hold” and an average target price of $197.17.

In other news, EVP Mark A. Black sold 7,441 shares of the company’s 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 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 legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

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

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