Stock Traders Purchase High Volume of Acuity Brands Call Options (NYSE:AYI)

Acuity Brands, Inc. (NYSE:AYI) saw unusually large options trading activity on Wednesday. Stock investors acquired 4,613 call options on the company. This is an increase of 6,785% compared to the typical daily volume of 67 call options.

AYI has been the topic of a number of analyst reports. Credit Suisse Group raised shares of Acuity Brands from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $128.00 to $148.00 in a report on Wednesday, March 6th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Goldman Sachs Group raised shares of Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 price objective on the stock in a report on Wednesday, March 20th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $155.00 price objective (up previously from $146.00) on shares of Acuity Brands in a report on Thursday, April 4th. Finally, JMP Securities increased their price objective on shares of Acuity Brands from $176.00 to $184.00 and gave the stock a “market outperform” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $149.33.

Large investors have recently bought and sold shares of the company. Osborn Williams & Donohoe LLC bought a new position in shares of Acuity Brands during the 1st quarter valued at about $28,000. Shine Investment Advisory Services Inc. bought a new position in shares of Acuity Brands during the 4th quarter valued at about $33,000. Kwmg LLC acquired a new position in shares of Acuity Brands in the first quarter worth about $44,000. SRS Capital Advisors Inc. boosted its holdings in shares of Acuity Brands by 183.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock worth $43,000 after buying an additional 242 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Acuity Brands by 29.2% in the fourth quarter. Commonwealth Bank of Australia now owns 442 shares of the electronics maker’s stock worth $50,000 after buying an additional 100 shares during the period. Institutional investors own 91.44% of the company’s stock.

AYI traded down $2.01 on Friday, reaching $133.50. The company had a trading volume of 169,200 shares, compared to its average volume of 381,745. The firm has a market capitalization of $5.33 billion, a PE ratio of 16.24, a P/E/G ratio of 1.51 and a beta of 1.67. The company has a quick ratio of 1.40, a current ratio of 2.11 and a debt-to-equity ratio of 0.19. Acuity Brands has a one year low of $103.48 and a one year high of $173.01.

Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.21. Acuity Brands had a net margin of 8.63% and a return on equity of 20.46%. The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $877.82 million. During the same quarter in the prior year, the firm posted $1.89 EPS. Acuity Brands’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Acuity Brands will post 8.82 EPS for the current year.

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Acuity Brands Company Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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