Tiaa Fsb purchased a new position in Acuity Brands Inc (NYSE:AYI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,209 shares of the electronics maker’s stock, valued at approximately $3,701,000.

Other institutional investors also recently bought and sold shares of the company. Seven Bridges Advisors LLC bought a new position in shares of Acuity Brands in the second quarter worth $117,000. Van ECK Associates Corp boosted its holdings in shares of Acuity Brands by 7.7% in the first quarter. Van ECK Associates Corp now owns 614 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 44 shares during the period. Israel Discount Bank of New York boosted its holdings in shares of Acuity Brands by 32.3% in the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares during the period. Global X Management Co. LLC boosted its holdings in shares of Acuity Brands by 204.1% in the first quarter. Global X Management Co. LLC now owns 745 shares of the electronics maker’s stock worth $152,000 after acquiring an additional 500 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in shares of Acuity Brands by 21.1% in the second quarter. Penserra Capital Management LLC now owns 780 shares of the electronics maker’s stock worth $158,000 after acquiring an additional 136 shares during the period.

Acuity Brands Inc (NYSE AYI) traded down 0.09% during midday trading on Friday, reaching $161.28. The company’s stock had a trading volume of 40,359 shares. The firm has a 50 day moving average price of $181.93 and a 200 day moving average price of $185.88. Acuity Brands Inc has a one year low of $153.28 and a one year high of $267.08. The firm has a market cap of $6.95 billion, a P/E ratio of 22.50 and a beta of 1.42.

Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Thursday, June 29th. The electronics maker reported $2.15 EPS for the quarter, beating the consensus estimate of $2.03 by $0.12. Acuity Brands had a net margin of 9.04% and a return on equity of 19.89%. The business had revenue of $891.60 million during the quarter, compared to the consensus estimate of $878.66 million. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Acuity Brands Inc will post $8.32 EPS for the current fiscal year.

Acuity Brands declared that its board has approved a stock repurchase plan on Thursday, June 29th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

A number of equities analysts have recently commented on AYI shares. Zacks Investment Research lowered Acuity Brands from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Wells Fargo & Company reissued an “outperform” rating and set a $200.00 price objective (up previously from $196.00) on shares of Acuity Brands in a research note on Tuesday, June 6th. Wolfe Research began coverage on Acuity Brands in a research note on Tuesday, July 11th. They set an “outperform” rating and a $237.00 price objective for the company. Oppenheimer Holdings, Inc. dropped their price objective on Acuity Brands from $265.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, July 4th. Finally, Robert W. Baird dropped their price objective on Acuity Brands from $242.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $216.53.

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In other Acuity Brands news, EVP Mark A. Black sold 5,427 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $205.29, for a total transaction of $1,114,108.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter C. Browning sold 970 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $200.05, for a total transaction of $194,048.50. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $200,050. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.

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

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