Todays Report: The Oregon Public Employees Retirement Fund Buys 6,780 Shares of Acuity Brands Inc. (AYI)

The Oregon Public Employees Retirement Fund Buys 6,780 Shares of Acuity Brands Inc. (AYI)

Oregon Public Employees Retirement Fund raised its stake in shares of Acuity Brands Inc. (NYSE:AYI) by 72.9% during the third quarter, Holdings Channel reports. The institutional investor owned 16,080 shares of the company’s stock after buying an additional 6,780 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Acuity Brands were worth $4,255,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. boosted its stake in Acuity Brands by 247.8% in the second quarter. Capital Fund Management S.A. now owns 63,423 shares of the company’s stock worth $15,726,000 after buying an additional 45,185 shares during the period. Congress Asset Management Co. MA boosted its stake in Acuity Brands by 2.6% in the second quarter. Congress Asset Management Co. MA now owns 195,486 shares of the company’s stock worth $48,473,000 after buying an additional 4,976 shares during the period. Nordea Investment Management AB boosted its stake in Acuity Brands by 38.2% in the second quarter. Nordea Investment Management AB now owns 2,170 shares of the company’s stock worth $538,000 after buying an additional 600 shares during the period. AGF Investments Inc. boosted its stake in Acuity Brands by 296.7% in the second quarter. AGF Investments Inc. now owns 113,204 shares of the company’s stock worth $28,064,000 after buying an additional 84,670 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Acuity Brands by 42.3% in the second quarter. Capstone Asset Management Co. now owns 6,172 shares of the company’s stock worth $1,530,000 after buying an additional 1,834 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Shares of Acuity Brands Inc. (NYSE:AYI) traded up 1.08% during mid-day trading on Friday, hitting $257.53. The company’s stock had a trading volume of 159,233 shares. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 38.84 and a beta of 1.34. The stock’s 50 day moving average price is $240.98 and its 200 day moving average price is $255.45. Acuity Brands Inc. has a 52-week low of $169.42 and a 52-week high of $280.89.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by $0.18. The business had revenue of $925.50 million for the quarter. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Equities analysts forecast that Acuity Brands Inc. will post $9.49 EPS for the current year.

The business also recently disclosed 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Friday, October 14th. Acuity Brands’s dividend payout ratio (DPR) is presently 7.83%.

A number of brokerages have commented on AYI. Roth Capital set a $275.00 price objective on Acuity Brands and gave the company a “hold” rating in a research note on Saturday, October 1st. Zacks Investment Research lowered Acuity Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th. Canaccord Genuity raised Acuity Brands from a “hold” rating to a “buy” rating and reduced their price objective for the company from $305.00 to $286.00 in a research note on Thursday, October 6th. Williams Capital started coverage on Acuity Brands in a research note on Friday, September 30th. They issued a “buy” rating and a $306.00 price objective on the stock. Finally, Deutsche Bank AG started coverage on Acuity Brands in a research note on Tuesday. They issued a “buy” rating and a $300.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Acuity Brands has an average rating of “Buy” and a consensus 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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