Trade Report: Today: British Columbia Investment Management Corp invests in Acuity Brands Inc. (AYI) Shares

Today: British Columbia Investment Management Corp invests in Acuity Brands Inc. (AYI) Shares

British Columbia Investment Management Corp raised its stake in Acuity Brands Inc. (NYSE:AYI) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 34,959 shares of the company’s stock after buying an additional 912 shares during the period. British Columbia Investment Management Corp’s holdings in Acuity Brands were worth $9,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. increased its position in shares of Acuity Brands by 247.8% in the second quarter. Capital Fund Management S.A. now owns 63,423 shares of the company’s stock valued at $15,726,000 after buying an additional 45,185 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Acuity Brands by 2.6% in the second quarter. Congress Asset Management Co. MA now owns 195,486 shares of the company’s stock valued at $48,473,000 after buying an additional 4,976 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Acuity Brands by 38.2% in the second quarter. Nordea Investment Management AB now owns 2,170 shares of the company’s stock valued at $538,000 after buying an additional 600 shares during the last quarter. AGF Investments Inc. increased its position in shares of Acuity Brands by 296.7% in the second quarter. AGF Investments Inc. now owns 113,204 shares of the company’s stock valued at $28,064,000 after buying an additional 84,670 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Acuity Brands by 42.3% in the second quarter. Capstone Asset Management Co. now owns 6,172 shares of the company’s stock valued at $1,530,000 after buying an additional 1,834 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Acuity Brands Inc. (NYSE:AYI) traded down 2.62% on Monday, hitting $250.78. The stock had a trading volume of 446,339 shares. The company’s 50 day moving average is $240.98 and its 200-day moving average is $255.45. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 37.83 and a beta of 1.34. Acuity Brands Inc. has a 1-year low of $169.42 and a 1-year high of $280.89.

Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 5th. The company reported $2.21 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 in the previous year, the company earned $1.63 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts forecast that Acuity Brands Inc. will post $9.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Tuesday, October 18th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, October 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.20%. Acuity Brands’s dividend payout ratio is presently 7.83%.

Several research analysts have recently commented on AYI shares. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $295.00 target price on shares of Acuity Brands in a report on Friday, September 16th. Canaccord Genuity reissued a “buy” rating and issued a $305.00 target price on shares of Acuity Brands in a report on Friday, September 23rd. Zacks Investment Research downgraded Acuity Brands from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Roth Capital started coverage on Acuity Brands in a report on Thursday, August 25th. They issued a “neutral” rating and a $275.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of Acuity Brands in a report on Friday, October 14th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Acuity Brands presently has an average rating of “Buy” and an average price target of $278.67.

Acuity Brands Company Profile

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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