Skandinaviska Enskilda Banken AB publ boosted its position in Acuity Brands, Inc. (NYSE:AYI) by 3,434.4% during the third quarter, Holdings Channel reports. The fund owned 95,534 shares of the electronics maker’s stock after buying an additional 92,831 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Acuity Brands were worth $15,018,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in Acuity Brands by 280.5% in the second quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after acquiring an additional 864 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in Acuity Brands in the third quarter valued at approximately $214,000. Itau Unibanco Holding S.A. boosted its position in Acuity Brands by 72.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after buying an additional 583 shares in the last quarter. Pillar Pacific Capital Management LLC acquired a new stake in Acuity Brands in the third quarter valued at approximately $220,000. Finally, Atria Investments LLC acquired a new stake in Acuity Brands in the third quarter valued at approximately $230,000.

A number of brokerages have weighed in on AYI. Credit Suisse Group began coverage on shares of Acuity Brands in a research report on Friday, October 12th. They issued a “neutral” rating and a $135.00 target price on the stock. JMP Securities set a $170.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 4th. Robert W. Baird set a $175.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 4th. Wells Fargo & Co cut their target price on shares of Acuity Brands from $187.00 to $161.00 and set an “outperform” rating on the stock in a research report on Thursday, October 4th. Finally, Cowen set a $180.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Acuity Brands has an average rating of “Hold” and a consensus price target of $150.89.

Shares of Acuity Brands stock opened at $126.94 on Friday. Acuity Brands, Inc. has a fifty-two week low of $109.98 and a fifty-two week high of $186.99. The company has a current ratio of 1.77, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.40 and a beta of 1.54.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.12. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $2.55 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts anticipate that Acuity Brands, Inc. will post 8.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, October 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. Acuity Brands’s dividend payout ratio (DPR) is presently 6.33%.

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

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