Measured Wealth Private Client Group LLC Has $616,000 Position in Acuity Brands, Inc. (NYSE:AYI)

Measured Wealth Private Client Group LLC boosted its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 46.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,110 shares of the electronics maker’s stock after buying an additional 667 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Acuity Brands were worth $616,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Acuity Brands by 1.6% during the second quarter. Creative Planning now owns 3,764 shares of the electronics maker’s stock worth $909,000 after acquiring an additional 61 shares during the last quarter. Truist Financial Corp increased its position in Acuity Brands by 81.6% in the second quarter. Truist Financial Corp now owns 8,234 shares of the electronics maker’s stock worth $1,988,000 after purchasing an additional 3,700 shares during the period. Park Avenue Securities LLC raised its holdings in Acuity Brands by 3.2% during the 3rd quarter. Park Avenue Securities LLC now owns 3,624 shares of the electronics maker’s stock worth $998,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC lifted its position in Acuity Brands by 12.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the electronics maker’s stock valued at $196,000 after purchasing an additional 76 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Acuity Brands by 517.6% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 10th. Oppenheimer upped their target price on shares of Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Morgan Stanley upgraded Acuity Brands from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $304.00 to $370.00 in a research report on Tuesday, January 14th. William Blair upgraded Acuity Brands from a “market perform” rating to an “outperform” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their target price on Acuity Brands from $320.00 to $336.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $341.40.

Acuity Brands Price Performance

Shares of AYI stock opened at $328.65 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.98 and a debt-to-equity ratio of 0.20. Acuity Brands, Inc. has a 12-month low of $217.64 and a 12-month high of $345.30. The firm has a fifty day moving average of $316.75 and a 200-day moving average of $291.18. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.11 and a beta of 1.40.

Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.10. The firm had revenue of $951.60 million during the quarter, compared to analysts’ expectations of $955.60 million. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.72 earnings per share. On average, equities research analysts forecast that Acuity Brands, Inc. will post 15.76 earnings per share for the current year.

Acuity Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.17 per share. This is an increase from Acuity Brands’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Monday, February 3rd. Acuity Brands’s dividend payout ratio (DPR) is 4.42%.

Acuity Brands Company 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.