1832 Asset Management L.P. Has $472,000 Stock Position in Acuity Brands, Inc. (NYSE:AYI)

1832 Asset Management L.P. lessened its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 43.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,954 shares of the electronics maker’s stock after selling 1,497 shares during the period. 1832 Asset Management L.P.’s holdings in Acuity Brands were worth $472,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Acuity Brands during the 1st quarter worth $27,000. Raleigh Capital Management Inc. increased its stake in shares of Acuity Brands by 5,666.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 173 shares of the electronics maker’s stock valued at $35,000 after buying an additional 170 shares during the period. EdgeRock Capital LLC bought a new position in shares of Acuity Brands during the second quarter worth about $41,000. Assetmark Inc. lifted its stake in shares of Acuity Brands by 900.0% in the fourth quarter. Assetmark Inc. now owns 250 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 225 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Acuity Brands by 4,214.3% in the second quarter. Versant Capital Management Inc now owns 302 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 295 shares during the last quarter. Institutional investors own 98.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AYI shares. Robert W. Baird dropped their price target on shares of Acuity Brands from $286.00 to $280.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. StockNews.com lowered shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company increased their price target on Acuity Brands from $260.00 to $289.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $286.25.

Acuity Brands Stock Up 0.5 %

Acuity Brands stock opened at $269.74 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.77 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.30 billion, a PE ratio of 21.93, a PEG ratio of 1.77 and a beta of 1.41. The firm’s fifty day moving average is $247.91 and its 200 day moving average is $252.88. Acuity Brands, Inc. has a 12-month low of $156.84 and a 12-month high of $275.05.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Thursday, June 27th. The electronics maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.33. The firm had revenue of $968.10 million for the quarter, compared to analyst estimates of $996.52 million. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. As a group, sell-side analysts predict that Acuity Brands, Inc. will post 14.26 EPS for the current fiscal year.

Acuity Brands 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.