Sentry Investment Management LLC cut its stake in Acuity Brands Inc (NYSE:AYI) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,266 shares of the electronics maker’s stock after selling 152 shares during the period. Sentry Investment Management LLC’s holdings in Acuity Brands were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. raised its stake in shares of Acuity Brands by 0.3% in the fourth quarter. First Republic Investment Management Inc. now owns 2,028 shares of the electronics maker’s stock valued at $468,000 after buying an additional 7 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Acuity Brands by 0.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 2,463 shares of the electronics maker’s stock valued at $502,000 after buying an additional 14 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Acuity Brands by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,527 shares of the electronics maker’s stock valued at $583,000 after buying an additional 20 shares during the last quarter. Capital Analysts LLC increased its position in Acuity Brands by 3.8% in the first quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock valued at $139,000 after buying an additional 25 shares during the period. Finally, IFP Advisors Inc increased its position in Acuity Brands by 2.8% in the first quarter. IFP Advisors Inc now owns 964 shares of the electronics maker’s stock valued at $197,000 after buying an additional 26 shares during the period.

Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

Acuity Brands Inc (NYSE AYI) traded up 3.47% during midday trading on Monday, hitting $183.33. The company had a trading volume of 794,492 shares. The firm has a market capitalization of $8.03 billion, a P/E ratio of 26.34 and a beta of 1.37. Acuity Brands Inc has a 1-year low of $157.33 and a 1-year high of $280.89. The company has a 50 day moving average price of $174.59 and a 200 day moving average price of $205.25.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Tuesday, April 4th. The electronics maker reported $1.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.83 by $0.06. The company had revenue of $804.70 million during the quarter, compared to analysts’ expectations of $827.22 million. Acuity Brands had a net margin of 8.91% and a return on equity of 19.62%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. Equities research analysts forecast that Acuity Brands Inc will post $8.03 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on AYI shares. Zacks Investment Research downgraded Acuity Brands from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Deutsche Bank AG lowered their target price on Acuity Brands from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, March 14th. Guggenheim started coverage on Acuity Brands in a research report on Tuesday, April 11th. They set a “neutral” rating and a $181.00 target price on the stock. Canaccord Genuity reiterated a “buy” rating on shares of Acuity Brands in a research report on Tuesday, March 28th. Finally, Roth Capital set a $150.00 target price on Acuity Brands and gave the company a “sell” rating in a research report on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $220.67.

About Acuity Brands

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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