Acuity Brands, Inc. (NYSE:AYI) Stock Holdings Decreased by Mason Street Advisors LLC
Mason Street Advisors LLC reduced its position in Acuity Brands, Inc. (NYSE:AYI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,924 shares of the electronics maker’s stock after selling 347 shares during the period. Mason Street Advisors LLC owned about 0.05% of Acuity Brands worth $2,820,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Triodos Investment Management BV lifted its stake in shares of Acuity Brands by 0.7% in the third quarter. Triodos Investment Management BV now owns 123,800 shares of the electronics maker’s stock worth $16,687,000 after buying an additional 800 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Acuity Brands by 35.1% in the third quarter. Alps Advisors Inc. now owns 37,161 shares of the electronics maker’s stock worth $5,009,000 after buying an additional 9,645 shares during the last quarter. CNB Bank lifted its stake in shares of Acuity Brands by 231.2% in the third quarter. CNB Bank now owns 669 shares of the electronics maker’s stock worth $90,000 after buying an additional 467 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Acuity Brands in the third quarter worth $10,308,000. Finally, Gabelli Funds LLC lifted its stake in shares of Acuity Brands by 3.9% in the third quarter. Gabelli Funds LLC now owns 29,300 shares of the electronics maker’s stock worth $3,949,000 after buying an additional 1,100 shares during the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $148.00 to $126.00 in a research note on Wednesday, October 16th. Wells Fargo & Co dropped their target price on shares of Acuity Brands from $155.00 to $138.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Credit Suisse Group dropped their target price on shares of Acuity Brands from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. ValuEngine lowered shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, William Blair reaffirmed a “hold” rating on shares of Acuity Brands in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Acuity Brands has an average rating of “Hold” and a consensus target price of $134.39.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.12. The firm had revenue of $938.10 million for the quarter, compared to analyst estimates of $1.03 billion. Acuity Brands had a net margin of 9.00% and a return on equity of 19.50%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. Analysts anticipate that Acuity Brands, Inc. will post 9.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, October 17th. Acuity Brands’s dividend payout ratio (DPR) is presently 5.78%.
About Acuity Brands
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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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