BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in Acuity Brands, Inc. (NYSE:AYI) by 31.4% during the first quarter, Holdings Channel reports. The institutional investor owned 14,171 shares of the electronics maker’s stock after selling 6,485 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Acuity Brands were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Acuity Brands by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,849 shares of the electronics maker’s stock valued at $2,502,000 after buying an additional 153 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Acuity Brands by 0.9% in the 4th quarter. Arizona State Retirement System now owns 28,773 shares of the electronics maker’s stock worth $3,307,000 after acquiring an additional 243 shares during the period. Stone Ridge Asset Management LLC lifted its position in shares of Acuity Brands by 2.9% in the 4th quarter. Stone Ridge Asset Management LLC now owns 8,231 shares of the electronics maker’s stock worth $946,000 after acquiring an additional 229 shares during the period. Geode Capital Management LLC lifted its position in shares of Acuity Brands by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 493,854 shares of the electronics maker’s stock worth $56,738,000 after acquiring an additional 20,542 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its position in shares of Acuity Brands by 114.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 46,912 shares of the electronics maker’s stock worth $5,393,000 after acquiring an additional 25,038 shares during the period. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AYI stock opened at $123.67 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.11 and a debt-to-equity ratio of 0.19. Acuity Brands, Inc. has a 12 month low of $103.48 and a 12 month high of $173.01. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.51 and a beta of 1.62.

Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, April 3rd. The electronics maker reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.21. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $877.82 million. Acuity Brands had a return on equity of 20.46% and a net margin of 8.63%. Acuity Brands’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. On average, equities research analysts forecast that Acuity Brands, Inc. will post 8.82 EPS for the current year.

A number of analysts have commented on AYI shares. Zacks Investment Research upgraded Acuity Brands from a “hold” rating to a “buy” rating and set a $161.00 price objective for the company in a research report on Tuesday, April 23rd. Wells Fargo & Co reiterated a “buy” rating and issued a $155.00 price objective (up previously from $146.00) on shares of Acuity Brands in a research report on Thursday, April 4th. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. JMP Securities raised their price objective on Acuity Brands from $176.00 to $184.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 4th. Finally, Goldman Sachs Group upgraded Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 price objective for the company in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Acuity Brands has an average rating of “Hold” and an average price target of $151.67.

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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 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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