Acuity Brands Inc (AYI) Stake Increased by 1st Global Advisors Inc.
1st Global Advisors Inc. boosted its stake in Acuity Brands Inc (NYSE:AYI) by 118.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,372 shares of the electronics maker’s stock after buying an additional 5,081 shares during the period. 1st Global Advisors Inc.’s holdings in Acuity Brands were worth $1,912,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Acuity Brands by 191.1% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 11,447 shares of the electronics maker’s stock worth $3,029,000 after buying an additional 7,514 shares during the last quarter. Hanseatic Management Services Inc. raised its position in Acuity Brands by 15.8% in the third quarter. Hanseatic Management Services Inc. now owns 14,083 shares of the electronics maker’s stock worth $3,726,000 after buying an additional 1,921 shares during the last quarter. Carderock Capital Management Inc. bought a new position in Acuity Brands during the third quarter worth about $1,862,000. Albion Financial Group UT raised its position in Acuity Brands by 5.3% in the third quarter. Albion Financial Group UT now owns 8,108 shares of the electronics maker’s stock worth $2,145,000 after buying an additional 409 shares during the last quarter. Finally, Redwood Investments LLC raised its position in Acuity Brands by 6.0% in the third quarter. Redwood Investments LLC now owns 72,481 shares of the electronics maker’s stock worth $19,178,000 after buying an additional 4,074 shares during the last quarter.
Shares of Acuity Brands Inc (NYSE AYI) opened at 176.49 on Friday. Acuity Brands Inc has a 12 month low of $157.33 and a 12 month high of $280.89. The stock has a market capitalization of $7.73 billion, a P/E ratio of 25.36 and a beta of 1.37. The stock has a 50 day moving average price of $174.96 and a 200 day moving average price of $202.90.
Acuity Brands (NYSE:AYI) last issued its earnings results on Tuesday, April 4th. The electronics maker reported $1.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.83 by $0.06. The company had revenue of $804.70 million during the quarter, compared to analyst estimates of $827.22 million. Acuity Brands had a return on equity of 19.62% and a net margin of 8.91%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. On average, analysts anticipate that Acuity Brands Inc will post $8.03 EPS for the current fiscal year.
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A number of research firms have recently issued reports on AYI. Deutsche Bank AG dropped their target price on Acuity Brands from $280.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, March 14th. Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a report on Monday, March 20th. Roth Capital reissued a “sell” rating and issued a $150.00 target price on shares of Acuity Brands in a report on Friday, March 31st. Canaccord Genuity reissued a “buy” rating on shares of Acuity Brands in a report on Tuesday, March 28th. Finally, Guggenheim started coverage on Acuity Brands in a report on Tuesday, April 11th. They issued a “neutral” rating and a $181.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $221.20.
Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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