Verition Fund Management LLC purchased a new stake in shares of Acuity Brands, Inc. (NYSE:AYI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,125 shares of the electronics maker’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ariel Investments LLC increased its holdings in shares of Acuity Brands by 1.3% during the second quarter. Ariel Investments LLC now owns 31,063 shares of the electronics maker’s stock valued at $3,599,000 after purchasing an additional 400 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Acuity Brands by 24.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock valued at $274,000 after purchasing an additional 470 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Acuity Brands by 6.3% during the first quarter. PNC Financial Services Group Inc. now owns 8,322 shares of the electronics maker’s stock valued at $1,158,000 after purchasing an additional 491 shares during the period. Norinchukin Bank The increased its holdings in shares of Acuity Brands by 14.6% during the first quarter. Norinchukin Bank The now owns 3,863 shares of the electronics maker’s stock valued at $538,000 after purchasing an additional 492 shares during the period. Finally, Brinker Capital Inc. increased its holdings in shares of Acuity Brands by 9.4% during the first quarter. Brinker Capital Inc. now owns 5,995 shares of the electronics maker’s stock valued at $834,000 after purchasing an additional 517 shares during the period.

A number of research analysts have recently commented on the company. Wells Fargo & Co raised Acuity Brands from a “market perform” rating to an “outperform” rating and raised their price target for the company from $140.00 to $187.00 in a report on Thursday, September 20th. Goldman Sachs Group lowered Acuity Brands from a “neutral” rating to a “sell” rating and lowered their price target for the company from $141.00 to $126.00 in a report on Wednesday, September 12th. ValuEngine raised Acuity Brands from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. JMP Securities set a $170.00 price target on Acuity Brands and gave the company a “buy” rating in a 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 target on the stock in a report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $163.22.

NYSE:AYI opened at $158.54 on Friday. The stock has a market cap of $6.41 billion, a P/E ratio of 19.92, a PEG ratio of 1.82 and a beta of 1.42. Acuity Brands, Inc. has a 52-week low of $109.98 and a 52-week high of $186.99. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

Acuity Brands (NYSE:AYI) last released its earnings results on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.20. The firm had revenue of $944.10 million for the quarter, compared to analyst estimates of $900.46 million. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. Acuity Brands’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 earnings per share. sell-side analysts anticipate that Acuity Brands, Inc. will post 8.27 earnings per share for the current fiscal year.

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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