Bailard Inc. Invests $240,000 in Acuity Brands, Inc. (NYSE:AYI)

Bailard Inc. bought a new position in shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,135 shares of the electronics maker’s stock, valued at approximately $240,000.

Other large investors have also bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of Acuity Brands during the fourth quarter worth about $1,059,000. Russell Investments Group Ltd. increased its position in shares of Acuity Brands by 74.1% during the fourth quarter. Russell Investments Group Ltd. now owns 20,344 shares of the electronics maker’s stock worth $4,302,000 after acquiring an additional 8,656 shares in the last quarter. Sciencast Management LP increased its position in shares of Acuity Brands by 216.2% during the fourth quarter. Sciencast Management LP now owns 5,128 shares of the electronics maker’s stock worth $1,108,000 after acquiring an additional 3,506 shares in the last quarter. Hanseatic Management Services Inc. increased its position in shares of Acuity Brands by 3.7% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,216 shares of the electronics maker’s stock worth $681,000 after acquiring an additional 114 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Acuity Brands by 7.4% during the third quarter. UBS Asset Management Americas Inc. now owns 123,751 shares of the electronics maker’s stock worth $21,455,000 after acquiring an additional 8,478 shares in the last quarter. 93.61% of the stock is owned by institutional investors.

A number of brokerages have issued reports on AYI. Zacks Investment Research downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a research report on Tuesday, March 15th. Robert W. Baird reduced their price objective on shares of Acuity Brands from $230.00 to $210.00 in a research report on Wednesday, April 6th. William Blair reaffirmed an “outperform” rating on shares of Acuity Brands in a research report on Wednesday, March 30th. Credit Suisse Group reduced their price objective on shares of Acuity Brands from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, March 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Acuity Brands from $237.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, April 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.00.

AYI opened at $166.73 on Thursday. The company has a quick ratio of 1.54, a current ratio of 2.25 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.48 and a beta of 1.56. Acuity Brands, Inc. has a twelve month low of $158.47 and a twelve month high of $224.59. The company’s 50-day moving average price is $178.01 and its two-hundred day moving average price is $192.86.

Acuity Brands (NYSE:AYIGet Rating) last announced its quarterly earnings results on Tuesday, April 5th. The electronics maker reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.20. The company had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $886.42 million. Acuity Brands had a net margin of 9.30% and a return on equity of 18.57%. Acuity Brands’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. As a group, sell-side analysts anticipate that Acuity Brands, Inc. will post 11.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Monday, April 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, April 14th. Acuity Brands’s payout ratio is currently 5.37%.

About Acuity Brands (Get Rating)

Acuity Brands, Inc provides lighting and building management solutions in North America and internationally. The company operates through 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 Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Sunoptics, eldoLED, nLight, Sensor Switch, IOTA, A-Light, Cyclone, Eureka, Lumniaire LED, Luminis, Dark to Light, and RELOC Wiring Solutions brands.

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

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