Apollon Wealth Management LLC increased its holdings in Acuity Brands, Inc. (NYSE:AYI – Free Report) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,425 shares of the electronics maker’s stock after buying an additional 97 shares during the period. Apollon Wealth Management LLC’s holdings in Acuity Brands were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of Acuity Brands by 2.5% in the second quarter. American Century Companies Inc. now owns 835,521 shares of the electronics maker’s stock valued at $201,728,000 after buying an additional 20,537 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Acuity Brands by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 629,893 shares of the electronics maker’s stock valued at $152,085,000 after buying an additional 20,832 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Acuity Brands by 16.7% in the second quarter. AQR Capital Management LLC now owns 442,007 shares of the electronics maker’s stock valued at $106,201,000 after buying an additional 63,159 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Acuity Brands by 35.7% in the second quarter. Pacer Advisors Inc. now owns 407,164 shares of the electronics maker’s stock valued at $98,306,000 after buying an additional 107,171 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Acuity Brands by 366.2% in the second quarter. Acadian Asset Management LLC now owns 345,628 shares of the electronics maker’s stock valued at $83,430,000 after buying an additional 271,485 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Acuity Brands Stock Performance
NYSE AYI opened at $325.87 on Friday. The firm’s fifty day moving average price is $293.41 and its two-hundred day moving average price is $264.34. The stock has a market cap of $10.06 billion, a PE ratio of 24.25, a PEG ratio of 2.13 and a beta of 1.40. Acuity Brands, Inc. has a fifty-two week low of $176.93 and a fifty-two week high of $337.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.72.
Acuity Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a $0.15 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.18%. Acuity Brands’s dividend payout ratio is 4.46%.
Insider Buying and Selling
In related news, SVP Barry R. Goldman sold 5,120 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $305.00, for a total value of $1,561,600.00. Following the sale, the senior vice president now owns 8,438 shares of the company’s stock, valued at $2,573,590. The trade was a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AYI shares. Robert W. Baird lifted their price objective on shares of Acuity Brands from $280.00 to $318.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Acuity Brands from $289.00 to $305.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Oppenheimer lifted their price objective on shares of Acuity Brands from $315.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Acuity Brands from $266.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $324.00.
Read Our Latest Research Report on AYI
Acuity Brands Profile
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in 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 A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
Read More
- Five stocks we like better than Acuity Brands
- Using the MarketBeat Dividend Yield Calculator
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- Want to Profit on the Downtrend? Downtrends, Explained.
- Top-Performing Non-Leveraged ETFs This Year
- What is the Dogs of the Dow Strategy? Overview and Examples
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands, Inc. (NYSE:AYI – Free Report).
Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.