Sumitomo Mitsui Trust Holdings Inc. reduced its position in Acuity Brands Inc. (NYSE:AYI) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,397 shares of the company’s stock after selling 9,181 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.36% of Acuity Brands worth $39,276,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AYI. Sumitomo Mitsui Asset Management Company LTD increased its stake in Acuity Brands by 13.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,301 shares of the company’s stock worth $818,000 after buying an additional 399 shares during the period. Redwood Investments LLC increased its stake in shares of Acuity Brands by 40,862.3% in the second quarter. Redwood Investments LLC now owns 68,407 shares of the company’s stock worth $16,962,000 after buying an additional 68,240 shares during the last quarter. ING Groep NV acquired a new stake in shares of Acuity Brands during the second quarter worth about $389,000. Capital Fund Management S.A. increased its stake in shares of Acuity Brands by 247.8% in the second quarter. Capital Fund Management S.A. now owns 63,423 shares of the company’s stock worth $15,726,000 after buying an additional 45,185 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock worth $170,242,000 after buying an additional 23,689 shares during the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

Shares of Acuity Brands Inc. (NYSE:AYI) traded down 1.39% during mid-day trading on Wednesday, reaching $243.06. 387,441 shares of the company’s stock traded hands. The company has a market cap of $10.62 billion, a P/E ratio of 36.66 and a beta of 1.46. Acuity Brands Inc. has a 12-month low of $169.42 and a 12-month high of $280.89. The company’s 50 day moving average is $258.29 and its 200 day moving average is $257.22.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 5th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The business had revenue of $925.50 million for the quarter. During the same period in the previous year, the business posted $1.63 earnings per share. Acuity Brands’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that Acuity Brands Inc. will post $9.70 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Tuesday, October 18th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, October 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.21%. Acuity Brands’s dividend payout ratio (DPR) is presently 7.83%.

A number of equities research analysts have recently issued reports on the stock. Roth Capital set a $275.00 price objective on shares of Acuity Brands and gave the company a “hold” rating in a research report on Saturday, October 1st. Canaccord Genuity reissued a “buy” rating on shares of Acuity Brands in a research report on Wednesday, June 29th. Credit Agricole SA reissued an “outperform” rating and set a $270.00 price objective on shares of Acuity Brands in a research report on Friday, July 1st. William Blair reissued an “outperform” rating on shares of Acuity Brands in a research report on Friday, October 14th. Finally, Robert W. Baird set a $272.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Acuity Brands currently has a consensus rating of “Buy” and a consensus target price of $275.36.

About Acuity Brands

Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.

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