Van ECK Associates Corp increased its stake in shares of Acuity Brands Inc (NYSE:AYI) by 7.7% during the first quarter, Holdings Channel reports. The firm owned 614 shares of the electronics maker’s stock after buying an additional 44 shares during the period. Van ECK Associates Corp’s holdings in Acuity Brands were worth $125,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AYI. Integrated Investment Consultants LLC raised its position in Acuity Brands by 58.1% in the first quarter. Integrated Investment Consultants LLC now owns 558 shares of the electronics maker’s stock valued at $114,000 after buying an additional 205 shares during the period. WFG Advisors LP raised its position in Acuity Brands by 2,896.3% in the fourth quarter. WFG Advisors LP now owns 809 shares of the electronics maker’s stock valued at $123,000 after buying an additional 782 shares during the period. Capital Analysts LLC raised its position in Acuity Brands by 3.8% in the first quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock valued at $139,000 after buying an additional 25 shares during the period. Pacer Advisors Inc. raised its position in Acuity Brands by 3.3% in the first quarter. Pacer Advisors Inc. now owns 846 shares of the electronics maker’s stock valued at $173,000 after buying an additional 27 shares during the period. Finally, IFP Advisors Inc raised its position in Acuity Brands by 2.8% in the first quarter. IFP Advisors Inc now owns 964 shares of the electronics maker’s stock valued at $197,000 after buying an additional 26 shares during the period.
Shares of Acuity Brands Inc (NYSE:AYI) traded down 1.27% during midday trading on Friday, hitting $176.49. The stock had a trading volume of 692,583 shares. The stock has a market cap of $7.73 billion, a PE ratio of 25.36 and a beta of 1.37. Acuity Brands Inc has a 52 week low of $157.33 and a 52 week high of $280.89. The stock has a 50-day moving average of $174.96 and a 200 day moving average of $202.90.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, April 4th. The electronics maker reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by $0.06. The firm had revenue of $804.70 million for the quarter, compared to the consensus estimate of $827.22 million. Acuity Brands had a return on equity of 19.62% and a net margin of 8.91%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 earnings per share. Analysts anticipate that Acuity Brands Inc will post $8.03 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Canaccord Genuity reissued a “buy” rating on shares of Acuity Brands in a report on Tuesday, March 28th. Roth Capital set a $150.00 price objective on Acuity Brands and gave the stock a “sell” rating in a report on Wednesday, March 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $215.00 price objective (down from $245.00) on shares of Acuity Brands in a report on Tuesday, May 30th. Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a report on Monday, March 27th. Finally, Guggenheim assumed coverage on Acuity Brands in a report on Tuesday, April 11th. They issued a “neutral” rating and a $181.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Acuity Brands presently has an average rating of “Buy” and a consensus price target of $221.20.
Acuity Brands Company 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.
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