Acuity Brands, Inc. (NYSE:AYI) Holdings Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the electronics maker’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Acuity Brands were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AYI. JPMorgan Chase & Co. raised its holdings in Acuity Brands by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,901 shares of the electronics maker’s stock worth $236,413,000 after acquiring an additional 194,259 shares during the period. Bank of New York Mellon Corp raised its holdings in Acuity Brands by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 571,971 shares of the electronics maker’s stock worth $89,915,000 after acquiring an additional 49,050 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Acuity Brands by 24.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 282,107 shares of the electronics maker’s stock worth $44,349,000 after purchasing an additional 55,273 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Acuity Brands by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 66,794 shares of the electronics maker’s stock worth $10,500,000 after purchasing an additional 660 shares during the period. Finally, Man Group plc increased its holdings in shares of Acuity Brands by 518.8% during the 3rd quarter. Man Group plc now owns 104,243 shares of the electronics maker’s stock worth $16,388,000 after purchasing an additional 87,396 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Shares of AYI traded up $0.35 on Friday, reaching $143.55. 150,594 shares of the company’s stock were exchanged, compared to its average volume of 287,380. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.11 and a quick ratio of 1.40. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. Acuity Brands, Inc. has a 12 month low of $103.48 and a 12 month high of $173.01.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.21. Acuity Brands had a net margin of 8.63% and a return on equity of 20.46%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $877.82 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that Acuity Brands, Inc. will post 8.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 17th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Tuesday, April 16th. Acuity Brands’s payout ratio is presently 6.33%.

Several research analysts have recently issued reports on AYI shares. Oppenheimer dropped their price objective on shares of Acuity Brands from $170.00 to $166.00 in a report on Friday, January 11th. Zacks Investment Research upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a report on Monday, April 15th. Wells Fargo & Co reiterated a “buy” rating and set a $155.00 target price (up from $146.00) on shares of Acuity Brands in a research report on Thursday, April 4th. ValuEngine upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, JMP Securities lifted their target price on shares of Acuity Brands from $176.00 to $184.00 and gave the company a “market outperform” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $151.67.

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

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