Jacobson & Schmitt Advisors LLC raised its stake in Acuity Brands Inc (NYSE:AYI) by 31.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,615 shares of the electronics maker’s stock after purchasing an additional 3,948 shares during the period. Acuity Brands accounts for approximately 1.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Jacobson & Schmitt Advisors LLC’s holdings in Acuity Brands were worth $2,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Acuity Brands by 661.1% in the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares in the last quarter. Seven Bridges Advisors LLC acquired a new stake in Acuity Brands in the second quarter worth about $117,000. YorkBridge Wealth Partners LLC boosted its holdings in Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares in the last quarter. QS Investors LLC boosted its holdings in Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares in the last quarter. Finally, Israel Discount Bank of New York boosted its holdings in Acuity Brands by 32.3% in the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares in the last quarter.

Shares of Acuity Brands Inc (NYSE AYI) opened at $157.99 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Acuity Brands Inc has a twelve month low of $153.28 and a twelve month high of $257.94. The company has a market capitalization of $6,660.00, a PE ratio of 19.80, a P/E/G ratio of 1.66 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.25. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The firm had revenue of $957.60 million during the quarter, compared to the consensus estimate of $975.05 million. During the same quarter in the previous year, the company posted $2.21 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. 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. Investors of record on Wednesday, October 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Tuesday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is 7.00%.

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

AYI has been the subject of several recent analyst reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $200.00 price target (down previously from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Seaport Global Securities reissued a “buy” rating and issued a $200.00 price target (down previously from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. BidaskClub downgraded Acuity Brands from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company downgraded Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $225.00 to $185.00 in a report on Friday, September 15th. Finally, JMP Securities raised Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target for the company in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $197.17.

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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.

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

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