Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,100 Shares of Acuity Brands, Inc. (NYSE:AYI)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,566 shares of the electronics maker’s stock after selling 3,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Acuity Brands were worth $1,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AYI. Guinness Asset Management Ltd raised its stake in Acuity Brands by 2.4% during the 2nd quarter. Guinness Asset Management Ltd now owns 3,480 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 80 shares during the last quarter. Zions Bancorporation N.A. raised its stake in Acuity Brands by 5.4% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,609 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 82 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Acuity Brands by 1.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,305 shares of the electronics maker’s stock valued at $870,000 after purchasing an additional 85 shares during the last quarter. World Asset Management Inc raised its stake in Acuity Brands by 4.3% during the 2nd quarter. World Asset Management Inc now owns 2,426 shares of the electronics maker’s stock valued at $335,000 after purchasing an additional 99 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Acuity Brands by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 2,921 shares of the electronics maker’s stock valued at $402,000 after purchasing an additional 99 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Shares of AYI stock opened at $128.08 on Friday. Acuity Brands, Inc. has a 52-week low of $103.48 and a 52-week high of $147.44. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.37 and a beta of 1.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.85 and a current ratio of 2.42. The firm has a fifty day moving average of $126.29 and a 200-day moving average of $131.46.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.12. Acuity Brands had a net margin of 9.00% and a return on equity of 19.50%. The company had revenue of $938.10 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $2.68 EPS. The business’s revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts predict that Acuity Brands, Inc. will post 9.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, October 17th. Acuity Brands’s dividend payout ratio is 5.78%.

AYI has been the subject of several research analyst reports. William Blair reiterated a “hold” rating on shares of Acuity Brands in a research note on Tuesday, September 24th. Wells Fargo & Co dropped their price objective on shares of Acuity Brands from $155.00 to $138.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Zacks Investment Research increased their price objective on shares of Acuity Brands to $139.50 in a research note on Monday, October 21st. ValuEngine cut shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $148.00 to $126.00 in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Acuity Brands presently has an average rating of “Hold” and an average price target of $134.39.

About Acuity Brands

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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