Interval Partners LP Has $19.63 Million Stock Holdings in Acuity Brands, Inc. (NYSE:AYI)

Interval Partners LP increased its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,320 shares of the electronics maker’s stock after purchasing an additional 3,320 shares during the period. Interval Partners LP owned approximately 0.26% of Acuity Brands worth $19,634,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AYI. New Covenant Trust Company N.A. bought a new position in shares of Acuity Brands during the 1st quarter worth about $27,000. Raleigh Capital Management Inc. boosted its holdings in Acuity Brands by 5,666.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 170 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in Acuity Brands in the second quarter valued at approximately $41,000. Assetmark Inc. increased its holdings in shares of Acuity Brands by 900.0% during the fourth quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 225 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new position in shares of Acuity Brands during the fourth quarter worth approximately $61,000. 98.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Acuity Brands Stock Up 0.1 %

AYI opened at $272.23 on Monday. Acuity Brands, Inc. has a fifty-two week low of $156.84 and a fifty-two week high of $273.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.77 and a quick ratio of 2.15. The company’s 50-day moving average is $247.25 and its 200 day moving average is $252.54. The firm has a market capitalization of $8.38 billion, a P/E ratio of 22.13, a PEG ratio of 1.62 and a beta of 1.41.

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

Acuity Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, July 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.60 annualized dividend and a yield of 0.22%. Acuity Brands’s payout ratio is currently 4.88%.

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.