Russell Investments Group Ltd. Has $3.82 Million Stock Holdings in Acuity Brands, Inc. (NYSE:AYI)

Russell Investments Group Ltd. decreased its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 2.9% during the 2nd quarter, Holdings Channel reports. The firm owned 27,911 shares of the electronics maker’s stock after selling 842 shares during the period. Russell Investments Group Ltd.’s holdings in Acuity Brands were worth $3,816,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. First Quadrant L P CA lifted its position in Acuity Brands by 49.7% in the 2nd quarter. First Quadrant L P CA now owns 12,326 shares of the electronics maker’s stock valued at $1,700,000 after acquiring an additional 4,094 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Acuity Brands by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,849 shares of the electronics maker’s stock valued at $2,502,000 after acquiring an additional 153 shares during the last quarter. BBT Capital Management LLC bought a new position in shares of Acuity Brands in the 1st quarter valued at about $599,000. Aperio Group LLC lifted its holdings in shares of Acuity Brands by 187.5% in the 2nd quarter. Aperio Group LLC now owns 25,556 shares of the electronics maker’s stock valued at $3,525,000 after acquiring an additional 16,666 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Acuity Brands by 46.5% in the 1st quarter. State of Wisconsin Investment Board now owns 103,003 shares of the electronics maker’s stock valued at $12,361,000 after acquiring an additional 32,714 shares during the last quarter. 92.91% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ray M. Robinson sold 2,363 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total transaction of $307,544.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

A number of research analysts recently commented on AYI shares. CIBC increased their price target on shares of Acuity Brands from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $145.00 price target (down previously from $150.00) on shares of Acuity Brands in a report on Wednesday, July 3rd. Roth Capital set a $95.00 price target on shares of Acuity Brands and gave the company a “sell” rating in a report on Wednesday, July 3rd. Credit Suisse Group lowered their price target on shares of Acuity Brands from $155.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Finally, ValuEngine downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $149.90.

Shares of AYI stock traded down $1.17 on Monday, reaching $137.99. 5,551 shares of the company were exchanged, compared to its average volume of 245,948. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.34 and a beta of 1.57. The business has a 50-day moving average price of $127.89 and a 200 day moving average price of $132.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.57 and a current ratio of 2.19. Acuity Brands, Inc. has a 1 year low of $103.48 and a 1 year high of $173.01.

Acuity Brands (NYSE:AYI) last released its earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.16. The business had revenue of $947.60 million during the quarter, compared to analysts’ expectations of $969.48 million. Acuity Brands had a net margin of 9.02% and a return on equity of 19.90%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.37 earnings per share. As a group, equities analysts anticipate that Acuity Brands, Inc. will post 9.09 earnings per share for the current year.

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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