The Candriam Luxembourg S.C.A. Invests $395,000 in Acuity Brands Inc. (AYI)

The Candriam Luxembourg S.C.A. Invests $395,000 in Acuity Brands Inc. (AYI)

Candriam Luxembourg S.C.A. bought a new position in Acuity Brands Inc. (NYSE:AYI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,594 shares of the company’s stock, valued at approximately $395,000.

A number of other institutional investors have also modified their holdings of AYI. UMB Bank N A MO boosted its position in shares of Acuity Brands by 26.3% in the second quarter. UMB Bank N A MO now owns 1,561 shares of the company’s stock worth $387,000 after buying an additional 325 shares during the last quarter. Genesee Valley Trust Co. acquired a new position in shares of Acuity Brands during the second quarter worth approximately $207,000. Atalanta Sosnoff Capital LLC acquired a new position in shares of Acuity Brands during the second quarter worth approximately $7,066,000. Albion Financial Group UT boosted its position in shares of Acuity Brands by 17.6% in the second quarter. Albion Financial Group UT now owns 7,699 shares of the company’s stock worth $1,909,000 after buying an additional 1,155 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Acuity Brands during the second quarter worth approximately $29,496,000. Institutional investors own 93.27% of the company’s stock.

Acuity Brands Inc. (NYSE:AYI) traded up 1.90% during midday trading on Wednesday, reaching $244.65. 460,878 shares of the company traded hands. Acuity Brands Inc. has a one year low of $169.42 and a one year high of $280.89. The company has a 50 day moving average price of $262.57 and a 200-day moving average price of $256.25. The stock has a market capitalization of $10.69 billion, a P/E ratio of 36.90 and a beta of 1.46.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The business had revenue of $925.50 million for the quarter. During the same quarter last year, the firm posted $1.63 EPS. Acuity Brands’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts forecast that Acuity Brands Inc. will post $9.70 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.21%. The ex-dividend date is Friday, October 14th. Acuity Brands’s payout ratio is 7.83%.

A number of equities analysts have issued reports on AYI shares. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Wednesday. Roth Capital restated a “neutral” rating and issued a $250.00 price objective (down previously from $275.00) on shares of Acuity Brands in a research report on Friday, October 7th. Robert W. Baird set a $272.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 6th. Cowen and Company set a $285.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 6th. Finally, Canaccord Genuity upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating and decreased their price objective for the company from $305.00 to $286.00 in a research report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Acuity Brands has an average rating of “Buy” and a consensus 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.

Related posts

Leave a Comment