Legal & General Group Plc lifted its stake in Acuity Brands Inc (NYSE:AYI) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,407 shares of the electronics maker’s stock after purchasing an additional 7,156 shares during the period. Legal & General Group Plc owned 0.50% of Acuity Brands worth $36,039,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Jacobson & Schmitt Advisors LLC lifted its position in shares of Acuity Brands by 31.2% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 16,615 shares of the electronics maker’s stock worth $2,846,000 after purchasing an additional 3,948 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Acuity Brands by 42.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 76,578 shares of the electronics maker’s stock worth $13,116,000 after purchasing an additional 22,647 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Acuity Brands by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 382,456 shares of the electronics maker’s stock worth $65,048,000 after purchasing an additional 15,928 shares during the period. Nordea Investment Management AB lifted its position in shares of Acuity Brands by 25.8% in the 3rd quarter. Nordea Investment Management AB now owns 53,494 shares of the electronics maker’s stock worth $9,162,000 after purchasing an additional 10,972 shares during the period. Finally, Peloton Wealth Strategists lifted its position in Acuity Brands by 99.4% during the 3rd quarter. Peloton Wealth Strategists now owns 12,115 shares of the electronics maker’s stock valued at $2,075,000 after acquiring an additional 6,040 shares during the period.

AYI has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. KeyCorp initiated coverage on shares of Acuity Brands in a research report on Friday, October 13th. They set a “sector weight” rating for the company. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $212.00 to $178.00 in a research report on Tuesday, September 19th. BidaskClub cut shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Wolfe Research cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $197.17.

Shares of Acuity Brands Inc (AYI) opened at $165.35 on Friday. The firm has a market cap of $6,915.19, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.72 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07. Acuity Brands Inc has a 12 month low of $153.28 and a 12 month high of $252.17.

Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The business had revenue of $957.60 million during the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. Acuity Brands’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS. equities research analysts predict that Acuity Brands Inc will post 8.66 earnings per share for the current year.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the sale, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

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Acuity Brands 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.

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

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