Forsta AP Fonden increased its position in Acuity Brands, Inc. (NYSE:AYI) by 176.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 219,000 shares of the electronics maker’s stock after purchasing an additional 139,900 shares during the period. Acuity Brands accounts for 1.0% of Forsta AP Fonden’s investment portfolio, making the stock its 27th largest holding. Forsta AP Fonden’s holdings in Acuity Brands were worth $25,376,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Acuity Brands by 45.8% in the second quarter. BlackRock Inc. now owns 4,140,236 shares of the electronics maker’s stock worth $479,730,000 after buying an additional 1,300,971 shares in the last quarter. FMR LLC lifted its position in shares of Acuity Brands by 10.7% in the second quarter. FMR LLC now owns 2,397,045 shares of the electronics maker’s stock worth $277,745,000 after buying an additional 231,932 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of Acuity Brands by 0.6% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,766,867 shares of the electronics maker’s stock worth $245,930,000 after buying an additional 11,163 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Acuity Brands by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 1,402,648 shares of the electronics maker’s stock worth $195,235,000 after buying an additional 292,245 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Acuity Brands by 86.0% in the first quarter. Wells Fargo & Company MN now owns 1,062,573 shares of the electronics maker’s stock worth $147,899,000 after buying an additional 491,181 shares in the last quarter.

Shares of NYSE AYI opened at $158.12 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. Acuity Brands, Inc. has a 1-year low of $109.98 and a 1-year high of $186.99. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.96 and a beta of 1.42.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.20. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The company had revenue of $944.10 million for the quarter, compared to analysts’ expectations of $900.46 million. During the same period in the previous year, the firm posted $2.15 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts predict that Acuity Brands, Inc. will post 8.26 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. JMP Securities set a $170.00 target price on Acuity Brands and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded Acuity Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 11th. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Robert W. Baird upgraded Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Friday, September 7th. Finally, Goldman Sachs Group downgraded Acuity Brands from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $141.00 to $126.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $158.00.

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

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