Acuity Brands, Inc. (NYSE:AYI) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 1,151 call options on the company. This is an increase of approximately 1,618% compared to the average volume of 67 call options.

Large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Acuity Brands by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,686 shares of the electronics maker’s stock worth $1,091,000 after purchasing an additional 728 shares during the period. Advisor Group Inc. lifted its holdings in shares of Acuity Brands by 22.3% during the third quarter. Advisor Group Inc. now owns 2,475 shares of the electronics maker’s stock worth $424,000 after purchasing an additional 452 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Acuity Brands by 42.0% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 76,578 shares of the electronics maker’s stock worth $13,116,000 after purchasing an additional 22,647 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Acuity Brands by 13.1% during the fourth quarter. Toronto Dominion Bank now owns 18,156 shares of the electronics maker’s stock worth $3,194,000 after purchasing an additional 2,105 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Acuity Brands by 3.0% during the third quarter. Sei Investments Co. now owns 29,475 shares of the electronics maker’s stock worth $5,049,000 after purchasing an additional 855 shares during the period.

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Acuity Brands (AYI) opened at $134.66 on Friday. The company has a market cap of $6,185.88, a price-to-earnings ratio of 18.50, a PEG ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.65 and a current ratio of 2.23. Acuity Brands has a fifty-two week low of $133.09 and a fifty-two week high of $209.18.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.16). The business had revenue of $842.80 million for the quarter, compared to analyst estimates of $883.97 million. Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. research analysts forecast that Acuity Brands will post 8.87 EPS for the current year.

A number of analysts have weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $198.00 target price on shares of Acuity Brands in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Acuity Brands in a research note on Thursday, January 11th. Wells Fargo reaffirmed a “market perform” rating and set a $175.00 target price (down previously from $185.00) on shares of Acuity Brands in a research note on Wednesday, January 10th. Finally, Williams Capital cut shares of Acuity Brands from a “buy” rating to a “hold” rating and decreased their target price for the stock from $204.00 to $175.00 in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Acuity Brands currently has an average rating of “Hold” and a consensus target price of $193.92.

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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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