Bokf Na Sells 52 Shares of Acuity Brands, Inc. (NYSE:AYI)

Bokf Na lowered its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,328 shares of the electronics maker’s stock after selling 52 shares during the quarter. Bokf Na’s holdings in Acuity Brands were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Acuity Brands in the 1st quarter worth $27,000. Raleigh Capital Management Inc. raised its holdings in Acuity Brands by 5,666.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 170 shares during the period. EdgeRock Capital LLC bought a new position in Acuity Brands in the 2nd quarter worth $41,000. Assetmark Inc. raised its holdings in Acuity Brands by 900.0% in the 4th quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 225 shares during the period. Finally, Evermay Wealth Management LLC bought a new position in Acuity Brands in the 4th quarter worth $61,000. Institutional investors own 98.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AYI shares. Robert W. Baird dropped their target price on shares of Acuity Brands from $286.00 to $280.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Wells Fargo & Company downgraded shares of Acuity Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $295.00 to $260.00 in a report on Friday, June 28th. Finally, StockNews.com lowered shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $279.00.

Acuity Brands Stock Up 1.5 %

Shares of AYI opened at $258.04 on Friday. The company has a 50-day simple moving average of $244.49 and a 200-day simple moving average of $252.08. The firm has a market capitalization of $7.94 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77. Acuity Brands, Inc. has a 52 week low of $156.84 and a 52 week high of $272.74.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Thursday, June 27th. The electronics maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.33. The business had revenue of $968.10 million during the quarter, compared to analyst estimates of $996.52 million. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 earnings per share. On average, equities research analysts expect that Acuity Brands, Inc. will post 14.26 earnings per share for the current year.

Acuity Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, July 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. Acuity Brands’s payout ratio is currently 4.88%.

About Acuity Brands

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.