Capital Fund Management S.A. increased its stake in shares of Acuity Brands Inc. (NYSE:AYI) by 247.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 63,423 shares of the company’s stock after buying an additional 45,185 shares during the period. Capital Fund Management S.A.’s holdings in Acuity Brands were worth $15,726,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Acuity Brands by 4.5% in the first quarter. State Street Corp now owns 1,430,640 shares of the company’s stock valued at $312,083,000 after buying an additional 61,831 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Acuity Brands by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,318,021 shares of the company’s stock valued at $287,513,000 after buying an additional 43,167 shares during the period. American Century Companies Inc. boosted its stake in Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock valued at $170,242,000 after buying an additional 23,689 shares during the period. BlackRock Group LTD boosted its stake in Acuity Brands by 67.3% in the first quarter. BlackRock Group LTD now owns 308,397 shares of the company’s stock valued at $67,273,000 after buying an additional 124,099 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Acuity Brands by 4.5% in the first quarter. Geode Capital Management LLC now owns 262,514 shares of the company’s stock valued at $57,231,000 after buying an additional 11,215 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.
Acuity Brands Inc. (NYSE:AYI) traded up 0.29% during trading on Wednesday, hitting $262.84. The stock had a trading volume of 192,921 shares. The stock’s 50-day moving average is $269.26 and its 200-day moving average is $254.18. The stock has a market capitalization of $11.43 billion, a PE ratio of 42.94 and a beta of 1.61. Acuity Brands Inc. has a 52-week low of $169.42 and a 52-week high of $280.89.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. The business earned $851.50 million during the quarter. Acuity Brands had a return on equity of 20.66% and a net margin of 8.57%. Acuity Brands’s revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts predict that Acuity Brands Inc. will post $8.01 earnings per share for the current fiscal year.
A number of analysts have recently commented on AYI shares. Roth Capital started coverage on shares of Acuity Brands in a report on Thursday, August 25th. They set a “neutral” rating and a $275.00 target price on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $295.00 target price on shares of Acuity Brands in a report on Friday, September 16th. Zacks Investment Research upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Friday, June 24th. Canaccord Genuity restated a “buy” rating and set a $305.00 target price on shares of Acuity Brands in a report on Friday, September 23rd. Finally, William Blair restated an “outperform” rating on shares of Acuity Brands in a report on Monday, July 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $278.75.
In other news, CEO Vernon J. Nagel sold 65,060 shares of the firm’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $268.30, for a total value of $17,455,598.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark A. Black sold 2,654 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $250.27, for a total value of $664,216.58. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Acuity Brands Company Profile
Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.
Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands Inc. (NYSE:AYI).
Receive News & Ratings for Acuity Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.