Captrust Financial Advisors lifted its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,819 shares of the electronics maker’s stock after acquiring an additional 410 shares during the period. Captrust Financial Advisors’ holdings in Acuity Brands were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Shine Investment Advisory Services Inc. bought a new stake in Acuity Brands during the fourth quarter worth approximately $33,000. SRS Capital Advisors Inc. raised its holdings in Acuity Brands by 183.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 242 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Acuity Brands by 29.2% during the fourth quarter. Commonwealth Bank of Australia now owns 442 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Acuity Brands during the fourth quarter worth approximately $64,000. Finally, Rehmann Capital Advisory Group raised its holdings in Acuity Brands by 141.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 618 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 92.86% of the company’s stock.

Several equities research analysts recently commented on AYI shares. Roth Capital set a $150.00 target price on Acuity Brands and gave the stock a “sell” rating in a report on Thursday, December 20th. Wells Fargo & Co dropped their target price on Acuity Brands from $161.00 to $159.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Credit Suisse Group reissued a “market perform” rating and set a $128.00 target price (down previously from $135.00) on shares of Acuity Brands in a report on Thursday, January 3rd. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th. Finally, Oppenheimer dropped their target price on Acuity Brands from $170.00 to $166.00 in a report on Friday, January 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Acuity Brands currently has a consensus rating of “Hold” and a consensus target price of $151.67.

NYSE AYI opened at $130.75 on Friday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 1.41 and a beta of 1.56. Acuity Brands, Inc. has a 1 year low of $103.48 and a 1 year high of $173.01. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 0.20.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.30. The company had revenue of $932.60 million for the quarter, compared to analysts’ expectations of $920.39 million. Acuity Brands had a return on equity of 20.88% and a net margin of 9.49%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. As a group, analysts anticipate that Acuity Brands, Inc. will post 8.83 EPS for the current year.

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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 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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