Acuity Brands, Inc. (NYSE:AYI) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its stake in Acuity Brands, Inc. (NYSE:AYIGet Rating) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,403 shares of the electronics maker’s stock after selling 669 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Acuity Brands were worth $1,481,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. boosted its position in Acuity Brands by 60.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 165 shares of the electronics maker’s stock valued at $26,000 after buying an additional 62 shares during the period. National Bank of Canada FI purchased a new stake in shares of Acuity Brands during the 3rd quarter worth $26,000. Janiczek Wealth Management LLC lifted its position in shares of Acuity Brands by 23.6% during the 3rd quarter. Janiczek Wealth Management LLC now owns 346 shares of the electronics maker’s stock worth $56,000 after purchasing an additional 66 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Acuity Brands during the 3rd quarter worth $55,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Acuity Brands during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Acuity Brands Trading Up 1.7 %

Shares of Acuity Brands stock opened at $175.89 on Friday. Acuity Brands, Inc. has a 52-week low of $142.71 and a 52-week high of $201.56. The company has a quick ratio of 1.39, a current ratio of 2.09 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $177.11 and its 200-day simple moving average is $173.38. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54.

Acuity Brands (NYSE:AYIGet Rating) last issued its quarterly earnings results on Monday, January 9th. The electronics maker reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.27. Acuity Brands had a net margin of 9.11% and a return on equity of 21.40%. The business had revenue of $997.90 million for the quarter, compared to analyst estimates of $984.46 million. During the same period in the previous year, the business posted $2.85 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Acuity Brands, Inc. will post 12.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AYI has been the subject of several recent analyst reports. Robert W. Baird cut shares of Acuity Brands from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $200.00 to $190.00 in a research report on Friday, December 16th. Cowen reduced their price target on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, October 5th. Cowen dropped their price objective on shares of Acuity Brands from $225.00 to $208.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 5th. StockNews.com upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Acuity Brands from $188.00 to $193.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Insiders Place Their Bets

In other Acuity Brands news, SVP Barry R. Goldman sold 2,211 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $174.31, for a total value of $385,399.41. Following the sale, the senior vice president now owns 5,791 shares of the company’s stock, valued at $1,009,429.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Acuity Brands news, SVP Barry R. Goldman sold 2,211 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $174.31, for a total value of $385,399.41. Following the sale, the senior vice president now owns 5,791 shares of the company’s stock, valued at $1,009,429.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen J. Holcom sold 4,238 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $174.51, for a total transaction of $739,573.38. Following the completion of the sale, the chief financial officer now directly owns 16,856 shares in the company, valued at approximately $2,941,540.56. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Acuity Brands Profile

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Acuity Brands, Inc operates as an industrial technology company, which engages in the provision of lighting and building management solutions and services. It operates through the Acuity Brands Lighting and Lighting Controls and Intelligent Spaces Group segments. The company was founded in 2001 and is headquartered in Atlanta, GA.

Further Reading

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

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