Kalmar Investments Inc. DE held its stake in shares of Acuity Brands Inc. (NYSE:AYI) during the second quarter, Holdings Channel reports. The institutional investor owned 79,665 shares of the company’s stock at the end of the second quarter. Kalmar Investments Inc. DE’s holdings in Acuity Brands were worth $19,754,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in AYI. Aperio Group LLC increased its stake in shares of Acuity Brands by 39.0% in the first quarter. Aperio Group LLC now owns 6,652 shares of the company’s stock valued at $1,451,000 after buying an additional 1,866 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Acuity Brands by 13,668.4% in the first quarter. Bessemer Group Inc. now owns 2,616 shares of the company’s stock valued at $570,000 after buying an additional 2,597 shares in the last quarter. M&T Bank Corp increased its stake in shares of Acuity Brands by 14.0% in the first quarter. M&T Bank Corp now owns 6,741 shares of the company’s stock valued at $1,471,000 after buying an additional 827 shares in the last quarter. Aviva PLC increased its position in Acuity Brands by 87.9% in the first quarter. Aviva PLC now owns 45,856 shares of the company’s stock worth $10,003,000 after buying an additional 21,456 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in Acuity Brands during the first quarter worth approximately $273,000. Institutional investors own 93.22% of the company’s stock.
Shares of Acuity Brands Inc. (NYSE:AYI) traded down 1.39% during trading on Wednesday, reaching $243.06. 387,441 shares of the company’s stock were exchanged. Acuity Brands Inc. has a 52-week low of $169.42 and a 52-week high of $280.89. The company has a 50 day moving average price of $258.29 and a 200-day moving average price of $257.22. The company has a market capitalization of $10.62 billion, a PE ratio of 36.66 and a beta of 1.46.
Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by $0.18. Acuity Brands had a net margin of 8.84% and a return on equity of 20.99%. The business earned $925.50 million during the quarter. During the same period in the previous year, the firm posted $1.63 earnings per share. The company’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts forecast that Acuity Brands Inc. will post $9.70 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Friday, October 14th. Acuity Brands’s dividend payout ratio is 7.83%.
AYI has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and issued a $286.00 price target (down from $305.00) on shares of Acuity Brands in a research note on Friday, September 30th. Roth Capital initiated coverage on Acuity Brands in a research note on Thursday, August 25th. They issued a “neutral” rating and a $275.00 price target for the company. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $295.00 price target on shares of Acuity Brands in a research note on Friday, September 16th. Zacks Investment Research upgraded Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Friday, June 24th. Finally, William Blair reiterated an “outperform” rating on shares of Acuity Brands in a research note on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $275.36.
About Acuity Brands
Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.
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