Meadow Creek Investment Management LLC grew its position in Acuity Brands, Inc. (NYSE:AYI) by 40.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,844 shares of the electronics maker’s stock after purchasing an additional 1,400 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Acuity Brands were worth $561,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC raised its stake in Acuity Brands by 57.1% during the 1st quarter. Penserra Capital Management LLC now owns 1,650 shares of the electronics maker’s stock worth $214,000 after acquiring an additional 600 shares in the last quarter. Sei Investments Co. raised its stake in Acuity Brands by 137.1% during the 1st quarter. Sei Investments Co. now owns 1,660 shares of the electronics maker’s stock worth $230,000 after acquiring an additional 960 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in Acuity Brands during the 2nd quarter worth $206,000. IFM Investors Pty Ltd acquired a new stake in Acuity Brands during the 2nd quarter worth $227,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Acuity Brands by 24.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock worth $274,000 after acquiring an additional 470 shares in the last quarter.
Shares of NYSE:AYI opened at $156.41 on Friday. Acuity Brands, Inc. has a 12 month low of $109.98 and a 12 month 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. The firm has a market cap of $6.05 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.90 and a beta of 1.42.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $944.10 million for the quarter, compared to the consensus estimate of $900.46 million. During the same period last year, the firm posted $2.15 EPS. Acuity Brands’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts expect that Acuity Brands, Inc. will post 8.26 EPS for the current fiscal year.
AYI has been the topic of several research analyst reports. ValuEngine lowered shares of Acuity Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Robert W. Baird upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating in a research note on Friday. Finally, JMP Securities lifted their price target on shares of Acuity Brands from $150.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, July 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Acuity Brands presently has a consensus rating of “Hold” and a consensus price target of $157.88.
About Acuity Brands
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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