Russell Investments Group Ltd. lifted its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,191 shares of the electronics maker’s stock after buying an additional 1,010 shares during the period. Russell Investments Group Ltd.’s holdings in Acuity Brands were worth $1,757,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AYI. Victory Capital Management Inc. boosted its position in shares of Acuity Brands by 90.7% during the first quarter. Victory Capital Management Inc. now owns 12,527 shares of the electronics maker’s stock valued at $1,744,000 after buying an additional 5,957 shares during the last quarter. Aperio Group LLC boosted its position in shares of Acuity Brands by 14.2% during the first quarter. Aperio Group LLC now owns 10,492 shares of the electronics maker’s stock valued at $1,460,000 after buying an additional 1,303 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Acuity Brands by 11.4% during the first quarter. Glen Harbor Capital Management LLC now owns 4,658 shares of the electronics maker’s stock valued at $648,000 after buying an additional 476 shares during the last quarter. BlackRock Inc. boosted its position in shares of Acuity Brands by 1.8% during the first quarter. BlackRock Inc. now owns 2,839,265 shares of the electronics maker’s stock valued at $395,201,000 after buying an additional 50,931 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Acuity Brands by 4,899.0% during the first quarter. Federated Investors Inc. PA now owns 35,893 shares of the electronics maker’s stock valued at $4,996,000 after buying an additional 35,175 shares during the last quarter.

AYI stock opened at $159.41 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.65. Acuity Brands, Inc. has a 1-year low of $109.98 and a 1-year high of $186.99. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Tuesday, July 3rd. The electronics maker reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.20. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The firm had revenue of $944.10 million for the quarter, compared to analysts’ expectations of $900.46 million. During the same quarter in the prior year, the firm earned $2.15 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts predict that Acuity Brands, Inc. will post 8.27 earnings per share for the current year.

Several research firms have weighed in on AYI. Wells Fargo & Co raised Acuity Brands from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $140.00 to $187.00 in a research report on Thursday, September 20th. Goldman Sachs Group cut Acuity Brands from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $141.00 to $126.00 in a research report on Wednesday, September 12th. ValuEngine raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. JMP Securities set a $170.00 price objective on Acuity Brands and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Finally, Robert W. Baird raised Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $163.22.

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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