Hartford Investment Management Co. Has $1.55 Million Holdings in Acuity Brands Inc (AYI)
Hartford Investment Management Co. decreased its position in Acuity Brands Inc (NYSE:AYI) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,057 shares of the electronics maker’s stock after selling 529 shares during the period. Hartford Investment Management Co.’s holdings in Acuity Brands were worth $1,551,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of AYI. Tower Research Capital LLC TRC increased its stake in Acuity Brands by 661.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after buying an additional 476 shares during the last quarter. Seven Bridges Advisors LLC purchased a new stake in Acuity Brands in the 2nd quarter valued at about $117,000. YorkBridge Wealth Partners LLC increased its stake in Acuity Brands by 11.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after buying an additional 58 shares during the last quarter. QS Investors LLC increased its stake in Acuity Brands by 1.2% in the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after buying an additional 7 shares during the last quarter. Finally, Israel Discount Bank of New York increased its stake in Acuity Brands by 32.3% in the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock valued at $125,000 after buying an additional 150 shares during the last quarter.
Several equities research analysts have commented on the stock. Robert W. Baird lowered shares of Acuity Brands from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $212.00 to $178.00 in a research note on Tuesday, September 19th. Seaport Global Securities reiterated a “buy” rating and issued a $200.00 price objective (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Oppenheimer reiterated a “buy” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Acuity Brands in a research note on Tuesday, October 10th. Wolfe Research lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Finally, Roth Capital set a $130.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, October 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Acuity Brands has a consensus rating of “Hold” and a consensus target price of $197.17.
In related news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the transaction, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.
Acuity Brands Inc (AYI) opened at $172.18 on Tuesday. Acuity Brands Inc has a 52-week low of $153.28 and a 52-week high of $254.55. The firm has a market cap of $7,039.96, a P/E ratio of 20.93, a PEG ratio of 1.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07.
Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.25. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The firm had revenue of $957.60 million during the quarter, compared to the consensus estimate of $975.05 million. During the same period in the prior year, the firm earned $2.21 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. sell-side analysts anticipate that Acuity Brands Inc will post 8.66 earnings per share for the current fiscal year.
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Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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