ValuEngine upgraded shares of Acuity Brands (NYSE:AYI) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other equities analysts have also recently issued reports on the company. JMP Securities lifted their target price on Acuity Brands from $150.00 to $154.00 and gave the stock a buy rating in a report on Thursday, July 5th. Zacks Investment Research upgraded Acuity Brands from a sell rating to a hold rating in a report on Tuesday, June 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $157.88.

Shares of NYSE AYI opened at $151.50 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.65. The firm has a market capitalization of $6.17 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.96 and a beta of 1.36. Acuity Brands has a 52-week low of $109.98 and a 52-week high of $186.99.

Acuity Brands (NYSE:AYI) last issued its earnings results on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.20. The business had revenue of $944.10 million for the quarter, compared to analysts’ expectations of $900.46 million. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 EPS. research analysts expect that Acuity Brands will post 8.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Stockholders of record on Wednesday, July 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, July 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.34%. Acuity Brands’s dividend payout ratio is 6.53%.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Acuity Brands by 45.8% during the second quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock valued at $479,730,000 after buying an additional 1,300,971 shares in the last quarter. FMR LLC grew its stake in Acuity Brands by 10.7% in the second quarter. FMR LLC now owns 2,397,045 shares of the electronics maker’s stock valued at $277,745,000 after purchasing an additional 231,932 shares in the last quarter. Atlanta Capital Management Co. L L C grew its stake in Acuity Brands by 0.6% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,766,867 shares of the electronics maker’s stock valued at $245,930,000 after purchasing an additional 11,163 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Acuity Brands by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 1,402,648 shares of the electronics maker’s stock valued at $195,235,000 after purchasing an additional 292,245 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Acuity Brands by 86.0% in the first quarter. Wells Fargo & Company MN now owns 1,062,573 shares of the electronics maker’s stock valued at $147,899,000 after purchasing an additional 491,181 shares in the last quarter.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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Analyst Recommendations for Acuity Brands (NYSE:AYI)

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