Nationwide Fund Advisors Has $14.71 Million Stake in Acuity Brands Inc (AYI)

Nationwide Fund Advisors decreased its position in shares of Acuity Brands Inc (NYSE:AYI) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,881 shares of the electronics maker’s stock after selling 3,405 shares during the quarter. Nationwide Fund Advisors owned about 0.20% of Acuity Brands worth $14,710,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Acuity Brands by 661.1% during the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after purchasing an additional 476 shares in the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of Acuity Brands during the second quarter valued at about $117,000. YorkBridge Wealth Partners LLC raised its stake in shares of Acuity Brands by 11.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after purchasing an additional 58 shares in the last quarter. QS Investors LLC raised its stake in shares of Acuity Brands by 1.2% during the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 7 shares in the last quarter. Finally, Israel Discount Bank of New York raised its stake in shares of Acuity Brands by 32.3% during the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 150 shares in the last quarter.

Shares of Acuity Brands Inc (NYSE:AYI) opened at $167.01 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53. Acuity Brands Inc has a 1 year low of $153.28 and a 1 year high of $254.55. The company has a market cap of $7,225.85, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The firm had revenue of $957.60 million for the quarter, compared to analysts’ expectations of $975.05 million. During the same period in the previous year, the business earned $2.21 earnings per share. Acuity Brands’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts anticipate that Acuity Brands Inc will post 8.66 EPS for the current year.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the sale, the executive vice president now directly owns 30,649 shares in the company, valued at $4,944,296.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

AYI has been the topic of a number of recent analyst reports. BidaskClub cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wells Fargo & Company cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $225.00 to $185.00 in a research note on Friday, September 15th. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $212.00 to $178.00 in a research note on Tuesday, September 19th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Finally, JMP Securities upgraded shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective on the stock in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Acuity Brands currently has an average rating of “Hold” and an average target price of $197.17.

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About Acuity Brands

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.

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

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