M.D. Sass Investors Services Inc. Buys 1,760 Shares of Acuity Brands, Inc. (NYSE:AYI)

M.D. Sass Investors Services Inc. boosted its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,110 shares of the electronics maker’s stock after purchasing an additional 1,760 shares during the period. M.D. Sass Investors Services Inc. owned 0.07% of Acuity Brands worth $3,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. APG Asset Management N.V. increased its position in shares of Acuity Brands by 72.0% during the 2nd quarter. APG Asset Management N.V. now owns 196,778 shares of the electronics maker’s stock worth $23,830,000 after purchasing an additional 82,385 shares during the last quarter. BSW Wealth Partners bought a new stake in Acuity Brands in the second quarter valued at approximately $29,000. Domini Impact Investments LLC bought a new stake in Acuity Brands in the second quarter valued at approximately $291,000. RBF Capital LLC acquired a new stake in shares of Acuity Brands in the second quarter valued at approximately $690,000. Finally, Seeyond lifted its position in shares of Acuity Brands by 21.3% in the second quarter. Seeyond now owns 5,440 shares of the electronics maker’s stock valued at $750,000 after buying an additional 954 shares during the last quarter. 92.95% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE AYI traded up $4.69 during trading hours on Wednesday, reaching $138.91. 37,752 shares of the stock were exchanged, compared to its average volume of 229,629. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.27 and a beta of 1.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.57 and a current ratio of 2.19. Acuity Brands, Inc. has a 52 week low of $103.48 and a 52 week high of $173.01. The stock’s fifty day simple moving average is $127.72 and its 200 day simple moving average is $132.52.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, July 2nd. The electronics maker reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.16. Acuity Brands had a return on equity of 19.90% and a net margin of 9.02%. The firm had revenue of $947.60 million for the quarter, compared to analyst estimates of $969.48 million. During the same period in the prior year, the firm posted $2.37 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that Acuity Brands, Inc. will post 9.09 EPS for the current fiscal year.

Several research analysts have recently commented on the company. CIBC lifted their target price on Acuity Brands from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Roth Capital set a $95.00 price objective on shares of Acuity Brands and gave the stock a “sell” rating in a research report on Wednesday, July 3rd. Credit Suisse Group decreased their price objective on shares of Acuity Brands from $155.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Oppenheimer reiterated an “outperform” rating and issued a $145.00 price objective (down from $150.00) on shares of Acuity Brands in a report on Wednesday, July 3rd. Finally, ValuEngine lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $149.90.

In related news, Director Ray M. Robinson sold 2,363 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total transaction of $307,544.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape 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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