United Capital Financial Advisers LLC Sells 248 Shares of Acuity Brands, Inc. (NYSE:AYI)

United Capital Financial Advisers LLC lessened its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,855 shares of the electronics maker’s stock after selling 248 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Acuity Brands were worth $945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in Acuity Brands by 1.6% during the first quarter. BlackRock Inc. now owns 4,223,948 shares of the electronics maker’s stock valued at $506,914,000 after acquiring an additional 66,251 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Acuity Brands by 2,666.8% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the electronics maker’s stock valued at $2,556,000 after purchasing an additional 625,068 shares during the period. FIL Ltd raised its position in shares of Acuity Brands by 2.5% in the first quarter. FIL Ltd now owns 624,895 shares of the electronics maker’s stock valued at $74,993,000 after purchasing an additional 15,431 shares during the period. Renaissance Technologies LLC raised its position in shares of Acuity Brands by 82.7% in the second quarter. Renaissance Technologies LLC now owns 624,600 shares of the electronics maker’s stock valued at $86,139,000 after purchasing an additional 282,700 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Acuity Brands by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 493,854 shares of the electronics maker’s stock valued at $56,738,000 after purchasing an additional 20,542 shares during the period. 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 on Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total transaction of $307,544.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

A number of research firms have recently commented on AYI. Roth Capital set a $95.00 price target on shares of Acuity Brands and gave the company a “sell” rating in a research report on Wednesday, July 3rd. Credit Suisse Group lifted their price target on shares of Acuity Brands from $148.00 to $154.00 and gave the company an “outperform” rating in a research report on Thursday. CIBC lifted their price target on shares of Acuity Brands from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. Oppenheimer reissued an “outperform” rating and issued a $145.00 price target (down previously from $150.00) on shares of Acuity Brands in a research report on Wednesday, July 3rd. Finally, ValuEngine lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $150.50.

Shares of NYSE:AYI traded up $0.70 during trading on Friday, reaching $135.57. The stock had a trading volume of 271,431 shares, compared to its average volume of 248,404. Acuity Brands, Inc. has a 52 week low of $103.48 and a 52 week high of $173.01. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.32 and a beta of 1.57. The company has a quick ratio of 1.57, a current ratio of 2.19 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $128.03 and a two-hundred day simple moving average of $132.77.

Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.16. Acuity Brands had a net margin of 9.02% and a return on equity of 19.90%. The business had revenue of $947.60 million for the quarter, compared to analyst estimates of $969.48 million. During the same quarter in the previous year, the firm posted $2.37 earnings per share. Acuity Brands’s revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Acuity Brands, Inc. will post 9.09 EPS for the current year.

About Acuity Brands

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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