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Acuity Brands, Inc. (NYSE:AYI) Holdings Raised by McKinley Carter Wealth Services Inc.

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McKinley Carter Wealth Services Inc. lifted its holdings in shares of Acuity Brands, Inc. (NYSE:AYI - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,620 shares of the electronics maker's stock after buying an additional 1,335 shares during the period. McKinley Carter Wealth Services Inc. owned 0.07% of Acuity Brands worth $6,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AYI. Ballentine Partners LLC grew its position in Acuity Brands by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 911 shares of the electronics maker's stock worth $266,000 after purchasing an additional 34 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Acuity Brands by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,142 shares of the electronics maker's stock valued at $1,210,000 after acquiring an additional 34 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Acuity Brands by 16.3% in the fourth quarter. Versant Capital Management Inc now owns 293 shares of the electronics maker's stock valued at $86,000 after acquiring an additional 41 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Acuity Brands by 0.3% in the third quarter. Nisa Investment Advisors LLC now owns 13,498 shares of the electronics maker's stock valued at $3,717,000 after acquiring an additional 45 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Acuity Brands by 1.2% in the third quarter. Creative Planning now owns 3,811 shares of the electronics maker's stock valued at $1,050,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 98.21% of the company's stock.

Acuity Brands Price Performance

AYI stock traded down $2.29 on Friday, hitting $332.38. 284,611 shares of the company's stock traded hands, compared to its average volume of 331,439. The company has a current ratio of 2.98, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.09 and a beta of 1.40. Acuity Brands, Inc. has a 1-year low of $217.64 and a 1-year high of $345.30. The stock has a fifty day moving average of $317.06 and a 200-day moving average of $289.73.

Acuity Brands (NYSE:AYI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The electronics maker reported $3.97 EPS for the quarter, beating the consensus estimate of $3.87 by $0.10. The business had revenue of $951.60 million during the quarter, compared to the consensus estimate of $955.60 million. Acuity Brands had a net margin of 11.11% and a return on equity of 19.98%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.72 EPS. On average, analysts forecast that Acuity Brands, Inc. will post 15.72 EPS for the current fiscal year.

Acuity Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Monday, February 3rd. This is an increase from Acuity Brands's previous quarterly dividend of $0.15. Acuity Brands's dividend payout ratio is 4.42%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. William Blair upgraded shares of Acuity Brands from a "market perform" rating to an "outperform" rating in a report on Thursday, January 2nd. Morgan Stanley upgraded shares of Acuity Brands from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $304.00 to $370.00 in a report on Tuesday, January 14th. Wells Fargo & Company increased their price objective on shares of Acuity Brands from $320.00 to $336.00 and gave the company an "equal weight" rating in a report on Thursday, January 9th. Oppenheimer increased their price objective on shares of Acuity Brands from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Finally, StockNews.com lowered shares of Acuity Brands from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $341.40.

Read Our Latest Report on Acuity Brands

Acuity Brands Profile

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

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