Acuity Brands, Inc. (AYI) Holdings Raised by Tyers Asset Management LLC

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Tyers Asset Management LLC raised its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 26.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,768 shares of the electronics maker’s stock after acquiring an additional 576 shares during the quarter. Tyers Asset Management LLC’s holdings in Acuity Brands were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ariel Investments LLC boosted its position 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 buying an additional 400 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position 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 buying an additional 470 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of Acuity Brands by 11.4% during the first quarter. Glen Harbor Capital Management LLC now owns 4,658 shares of the electronics maker’s stock valued at $648,000 after buying an additional 476 shares during the period. PNC Financial Services Group Inc. boosted its position 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 buying an additional 491 shares during the period. Finally, Norinchukin Bank The boosted its position 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 buying an additional 492 shares during the period.

Several research analysts have issued reports on AYI shares. JMP Securities boosted their target price on Acuity Brands from $150.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Finally, ValuEngine upgraded Acuity Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $157.88.

Acuity Brands stock opened at $150.72 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. Acuity Brands, Inc. has a fifty-two week low of $109.98 and a fifty-two week high of $186.99. The company has a market cap of $6.14 billion, a PE ratio of 18.93, a P/E/G ratio of 1.95 and a beta of 1.42.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.20. Acuity Brands had a net margin of 9.28% and a return on equity of 20.49%. The firm had revenue of $944.10 million during the quarter, compared to the consensus estimate of $900.46 million. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that Acuity Brands, Inc. will post 8.26 EPS for the current 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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