Trexquant Investment LP raised its holdings in Acuity Brands, Inc. (NYSE:AYI - Free Report) by 217.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,353 shares of the electronics maker's stock after acquiring an additional 28,343 shares during the quarter. Trexquant Investment LP owned 0.13% of Acuity Brands worth $12,080,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of Acuity Brands in the fourth quarter worth $29,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Acuity Brands in the 4th quarter worth approximately $29,000. Westside Investment Management Inc. bought a new stake in shares of Acuity Brands during the 3rd quarter worth $33,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Acuity Brands in the fourth quarter valued at about $40,000. Finally, National Bank of Canada FI grew its holdings in Acuity Brands by 50.5% in the 4th quarter. National Bank of Canada FI now owns 161 shares of the electronics maker's stock valued at $47,000 after buying an additional 54 shares during the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Morgan Stanley set a $335.00 price target on Acuity Brands in a report on Friday. Oppenheimer increased their price target on shares of Acuity Brands from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Wells Fargo & Company decreased their price objective on Acuity Brands from $290.00 to $275.00 and set an "equal weight" rating on the stock in a report on Friday. Robert W. Baird lowered their price objective on Acuity Brands from $310.00 to $295.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, StockNews.com downgraded Acuity Brands from a "buy" rating to a "hold" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Acuity Brands has a consensus rating of "Hold" and an average price target of $317.60.
View Our Latest Analysis on Acuity Brands
Acuity Brands Price Performance
NYSE AYI traded down $9.31 during trading hours on Monday, reaching $224.27. 262,801 shares of the company's stock were exchanged, compared to its average volume of 286,253. The firm has a fifty day moving average of $294.09 and a 200-day moving average of $304.28. Acuity Brands, Inc. has a one year low of $217.64 and a one year high of $345.30. The stock has a market cap of $6.94 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The company has a current ratio of 2.98, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20.
Acuity Brands (NYSE:AYI - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The electronics maker reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.67 by $0.06. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the business posted $3.38 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Acuity Brands, Inc. will post 15.86 earnings per share for the current fiscal year.
Acuity Brands Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be paid a $0.17 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.30%. Acuity Brands's dividend payout ratio (DPR) is currently 5.16%.
About Acuity Brands
(
Free Report)
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
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