Private Advisor Group LLC bought a new stake in Acuity Brands, Inc. (NYSE:AYI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,147 shares of the electronics maker’s stock, valued at approximately $365,000.

Several other hedge funds have also added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. purchased a new stake in shares of Acuity Brands in the second quarter worth $206,000. Penserra Capital Management LLC raised its position in shares of Acuity Brands by 57.1% in the first quarter. Penserra Capital Management LLC now owns 1,650 shares of the electronics maker’s stock worth $214,000 after buying an additional 600 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Acuity Brands in the second quarter worth $227,000. Sei Investments Co. raised its position in shares of Acuity Brands by 137.1% in the first quarter. Sei Investments Co. now owns 1,660 shares of the electronics maker’s stock worth $230,000 after buying an additional 960 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Acuity Brands by 24.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock worth $274,000 after buying an additional 470 shares in the last quarter.

Shares of NYSE AYI traded up $0.98 during trading hours on Friday, hitting $159.10. The company’s stock had a trading volume of 841,574 shares, compared to its average volume of 497,785. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.04. The stock has a market capitalization of $6.23 billion, a PE ratio of 19.99, a PEG ratio of 1.96 and a beta of 1.42. Acuity Brands, Inc. has a 12 month low of $109.98 and a 12 month high of $186.99.

Acuity Brands (NYSE:AYI) last posted its earnings results 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. The company had revenue of $944.10 million for the quarter, compared to analysts’ expectations of $900.46 million. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. Acuity Brands’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $2.15 earnings per share. equities research analysts anticipate that Acuity Brands, Inc. will post 8.26 earnings per share for the current year.

A number of brokerages recently issued reports on AYI. Goldman Sachs Group downgraded Acuity Brands from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $141.00 to $126.00 in a research report on Wednesday. JMP Securities set a $170.00 target price on Acuity Brands and gave the company a “buy” rating in a research note on Wednesday. ValuEngine raised Acuity Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Robert W. Baird raised Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 target price on the stock in a research note on Friday, September 7th. Finally, Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $158.00.

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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