Free Trial

Acuity Brands, Inc. (NYSE:AYI) Shares Sold by Vanguard Group Inc.

Acuity Brands logo with Construction background

Vanguard Group Inc. trimmed its holdings in shares of Acuity Brands, Inc. (NYSE:AYI - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,180,326 shares of the electronics maker's stock after selling 135,768 shares during the quarter. Vanguard Group Inc. owned 10.32% of Acuity Brands worth $651,426,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its holdings in shares of Acuity Brands by 77.3% in the fourth quarter. Venturi Wealth Management LLC now owns 133 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. EdgeRock Capital LLC purchased a new position in shares of Acuity Brands during the fourth quarter worth approximately $29,000. Raleigh Capital Management Inc. increased its stake in shares of Acuity Brands by 5,666.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker's stock worth $35,000 after buying an additional 170 shares during the period. Global Retirement Partners LLC increased its stake in shares of Acuity Brands by 85.7% in the fourth quarter. Global Retirement Partners LLC now owns 221 shares of the electronics maker's stock worth $50,000 after buying an additional 102 shares during the period. Finally, Assetmark Inc. increased its position in Acuity Brands by 900.0% during the 4th quarter. Assetmark Inc. now owns 250 shares of the electronics maker's stock valued at $51,000 after purchasing an additional 225 shares during the period. 98.21% of the stock is owned by institutional investors.


Insider Buying and Selling at Acuity Brands

In related news, CFO Karen J. Holcom sold 7,745 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the completion of the sale, the chief financial officer now directly owns 20,287 shares in the company, valued at $5,320,062.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Acuity Brands news, Director Maya Leibman purchased 200 shares of the stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $248.91 per share, with a total value of $49,782.00. Following the completion of the transaction, the director now owns 200 shares in the company, valued at approximately $49,782. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen J. Holcom sold 7,745 shares of the firm's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $262.24, for a total transaction of $2,031,048.80. Following the transaction, the chief financial officer now owns 20,287 shares of the company's stock, valued at approximately $5,320,062.88. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Acuity Brands from $260.00 to $295.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Robert W. Baird reduced their target price on Acuity Brands from $286.00 to $280.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 18th. StockNews.com upgraded Acuity Brands from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 5th. Oppenheimer raised their price target on Acuity Brands from $250.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their target price on Acuity Brands from $227.00 to $261.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $287.75.

Read Our Latest Stock Report on AYI

Acuity Brands Price Performance

Shares of Acuity Brands stock traded up $2.85 during trading on Monday, reaching $241.57. The company's stock had a trading volume of 278,826 shares, compared to its average volume of 260,314. The business has a 50 day moving average price of $255.11 and a 200-day moving average price of $243.48. The company has a market capitalization of $7.44 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. Acuity Brands, Inc. has a 12-month low of $154.72 and a 12-month high of $272.74. The company has a quick ratio of 1.96, a current ratio of 2.59 and a debt-to-equity ratio of 0.23.

Acuity Brands (NYSE:AYI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 3rd. The electronics maker reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.23. The firm had revenue of $905.90 million during the quarter, compared to the consensus estimate of $897.01 million. Acuity Brands had a return on equity of 21.22% and a net margin of 9.81%. As a group, sell-side analysts anticipate that Acuity Brands, Inc. will post 14.48 EPS for the current year.

Acuity Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 17th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Tuesday, April 16th. Acuity Brands's payout ratio is currently 5.02%.

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.

Featured Articles

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

→ [URGENT] Altcoin Winning Picks (From Crypto Swap Profits) (Ad)

Should you invest $1,000 in Acuity Brands right now?

Before you consider Acuity Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acuity Brands wasn't on the list.

While Acuity Brands currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Opportunities Arise as Stock Market Rotates from Big Tech
3 Top Market Leaders Splitting Their Stocks
How to Navigate Stock Downgrades

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines