Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Acuity Brands, Inc. (NYSE:AYI) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,198 shares of the electronics maker’s stock after selling 1,099 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Acuity Brands were worth $1,182,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of Acuity Brands in the first quarter worth approximately $167,000. Penserra Capital Management LLC lifted its stake 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 acquiring an additional 600 shares during the period. IFM Investors Pty Ltd bought a new stake in Acuity Brands in the second quarter worth approximately $227,000. Sei Investments Co. increased its holdings in 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 purchasing an additional 960 shares in the last quarter. Finally, ARP Americas LP bought a new stake in Acuity Brands in the first quarter worth approximately $251,000.

Shares of NYSE AYI traded up $0.98 during trading on Friday, reaching $159.10. 841,574 shares of the stock traded hands, 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. Acuity Brands, Inc. has a 52-week low of $109.98 and a 52-week high of $186.99. The stock has a market capitalization of $6.23 billion, a PE ratio of 19.99, a P/E/G ratio of 1.96 and a beta of 1.42.

Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Tuesday, July 3rd. The electronics maker reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.20. Acuity Brands had a return on equity of 20.49% and a net margin of 9.28%. The company had revenue of $944.10 million for the quarter, compared to analyst estimates of $900.46 million. During the same period in the previous year, the company posted $2.15 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts expect that Acuity Brands, Inc. will post 8.26 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. JMP Securities set a $170.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Wednesday. ValuEngine upgraded Acuity Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. 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 report on Friday, September 7th. Finally, Goldman Sachs Group cut Acuity Brands from a “neutral” rating to a “sell” rating and cut their target price for the company from $141.00 to $126.00 in a research report on Wednesday. Three investment 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 currently has a consensus rating of “Hold” and an average price target of $158.00.

Acuity Brands 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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