Luminus Management LLC Invests $5.42 Million in Acuity Brands, Inc. (AYI)

Luminus Management LLC acquired a new stake in shares of Acuity Brands, Inc. (NYSE:AYI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 34,500 shares of the electronics maker’s stock, valued at approximately $5,423,000. Luminus Management LLC owned about 0.09% of Acuity Brands at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AYI. BlackRock Inc. increased its position in shares of Acuity Brands by 45.8% during the 2nd quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock valued at $479,730,000 after purchasing an additional 1,300,971 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Acuity Brands during the 3rd quarter valued at about $92,750,000. Seizert Capital Partners LLC bought a new position in shares of Acuity Brands during the 3rd quarter valued at about $71,393,000. Vulcan Value Partners LLC increased its position in shares of Acuity Brands by 94.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 888,340 shares of the electronics maker’s stock valued at $102,932,000 after purchasing an additional 432,385 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Acuity Brands by 152.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 585,742 shares of the electronics maker’s stock valued at $92,079,000 after purchasing an additional 353,786 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Shares of AYI stock opened at $118.35 on Friday. The stock has a market cap of $4.74 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.28 and a beta of 1.55. Acuity Brands, Inc. has a 1-year low of $109.98 and a 1-year high of $186.99. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.77 and a quick ratio of 1.17.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.12. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a return on equity of 20.30% and a net margin of 9.50%. Acuity Brands’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 EPS. As a group, equities research analysts expect that Acuity Brands, Inc. will post 8.83 EPS for the current fiscal year.

AYI has been the topic of several recent research reports. Cowen set a $180.00 price objective on Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, October 3rd. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Goldman Sachs Group cut Acuity Brands from a “neutral” rating to a “sell” rating and dropped their target price for the company from $141.00 to $126.00 in a report on Wednesday, September 12th. JMP Securities set a $170.00 target price on Acuity Brands and gave the company a “buy” rating in a report on Thursday, October 4th. Finally, Robert W. Baird set a $175.00 target price on Acuity Brands and gave the company a “buy” rating in a report on Thursday, October 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $150.89.

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

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