Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,764 shares of the electronics maker’s stock after selling 434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Acuity Brands were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors raised its position in shares of Acuity Brands by 280.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 864 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Acuity Brands in the 3rd quarter valued at approximately $214,000. Itau Unibanco Holding S.A. raised its position in shares of Acuity Brands by 72.2% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 583 shares during the last quarter. Pillar Pacific Capital Management LLC purchased a new position in shares of Acuity Brands in the 3rd quarter valued at approximately $220,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Acuity Brands in the 3rd quarter valued at approximately $221,000. Institutional investors own 99.09% of the company’s stock.
AYI opened at $120.00 on Thursday. Acuity Brands, Inc. has a 12-month low of $109.98 and a 12-month high of $186.99. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 0.21. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.55.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.12. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $2.55 EPS. Acuity Brands’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts expect that Acuity Brands, Inc. will post 8.83 EPS for the current year.
Several brokerages recently commented on AYI. Wells Fargo & Co decreased their price objective on shares of Acuity Brands from $187.00 to $161.00 and set an “outperform” rating for the company in a research report on Thursday, October 4th. JMP Securities set a $170.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 4th. Credit Suisse Group began coverage on shares of Acuity Brands in a research report on Friday, October 12th. They issued a “neutral” rating and a $135.00 price objective for the company. Robert W. Baird set a $175.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, Cowen set a $180.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $150.89.
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Acuity Brands 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 controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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