DekaBank Deutsche Girozentrale raised its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,643 shares of the electronics maker’s stock after purchasing an additional 2,146 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Acuity Brands were worth $1,494,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Ariel Investments LLC grew its holdings in Acuity Brands by 1.3% during the second quarter. Ariel Investments LLC now owns 31,063 shares of the electronics maker’s stock valued at $3,599,000 after purchasing an additional 400 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Acuity Brands by 24.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock valued at $274,000 after purchasing an additional 470 shares during the last quarter. Nomura Holdings Inc. grew its holdings in Acuity Brands by 14.6% during the second quarter. Nomura Holdings Inc. now owns 3,841 shares of the electronics maker’s stock valued at $445,000 after purchasing an additional 489 shares during the last quarter. Tyers Asset Management LLC grew its holdings in Acuity Brands by 26.3% during the second quarter. Tyers Asset Management LLC now owns 2,768 shares of the electronics maker’s stock valued at $321,000 after purchasing an additional 576 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its holdings in Acuity Brands by 22.4% during the second quarter. Riverhead Capital Management LLC now owns 3,189 shares of the electronics maker’s stock valued at $370,000 after purchasing an additional 583 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.

Several equities analysts have commented on AYI shares. JMP Securities set a $170.00 price target on Acuity Brands and gave the company a “buy” rating in a report on Thursday, October 4th. Robert W. Baird set a $175.00 price target on Acuity Brands and gave the company a “buy” rating in a report on Thursday, October 4th. Cowen set a $180.00 price target on Acuity Brands and gave the company a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Credit Suisse Group began coverage on shares of Acuity Brands in a research note on Friday, October 12th. They issued a “neutral” rating and a $135.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $150.89.

Shares of Acuity Brands stock opened at $120.00 on Thursday. The firm has a market capitalization of $4.81 billion, a PE ratio of 14.49, a P/E/G ratio of 1.29 and a beta of 1.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.77. Acuity Brands, Inc. has a 1 year low of $109.98 and a 1 year high of $186.99.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.12. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. Acuity Brands’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $2.55 earnings per share. On average, sell-side analysts anticipate that Acuity Brands, Inc. will post 8.83 earnings per share 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 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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