Atlantic Trust Group LLC decreased its holdings in shares of Acuity Brands Inc (NYSE:AYI) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,978 shares of the electronics maker’s stock after selling 643 shares during the quarter. Atlantic Trust Group LLC’s holdings in Acuity Brands were worth $3,655,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Acuity Brands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 2,327 shares of the electronics maker’s stock worth $473,000 after buying an additional 6 shares during the period. Cleararc Capital Inc. grew its position in shares of Acuity Brands by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 1,098 shares of the electronics maker’s stock worth $224,000 after buying an additional 10 shares during the period. ZWJ Investment Counsel Inc. grew its position in shares of Acuity Brands by 0.6% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 2,463 shares of the electronics maker’s stock worth $502,000 after buying an additional 14 shares during the period. CIBC Asset Management Inc grew its position in shares of Acuity Brands by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 4,024 shares of the electronics maker’s stock worth $818,000 after buying an additional 15 shares during the period. Finally, Capital Analysts LLC grew its position in shares of Acuity Brands by 3.8% during the 1st quarter. Capital Analysts LLC now owns 680 shares of the electronics maker’s stock worth $139,000 after buying an additional 25 shares during the period. Institutional investors own 95.15% of the company’s stock.

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Several brokerages have recently commented on AYI. BidaskClub cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a research note on Thursday, June 22nd. Robert W. Baird reissued an “outperform” rating and set a $206.00 price objective (down previously from $210.00) on shares of Acuity Brands in a research note on Monday, June 19th. Deutsche Bank AG lifted their price objective on shares of Acuity Brands from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Finally, Canaccord Genuity reissued a “buy” rating and set a $215.00 price objective on shares of Acuity Brands in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Acuity Brands has an average rating of “Hold” and a consensus target price of $219.00.

Shares of Acuity Brands Inc (NYSE AYI) opened at 179.32 on Friday. The company has a 50-day moving average price of $188.73 and a 200-day moving average price of $188.50. The company has a market cap of $7.73 billion, a P/E ratio of 25.01 and a beta of 1.42. Acuity Brands Inc has a 52-week low of $157.33 and a 52-week high of $269.38.

Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Thursday, June 29th. The electronics maker reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.12. The business had revenue of $891.60 million during the quarter, compared to analysts’ expectations of $878.66 million. Acuity Brands had a return on equity of 19.89% and a net margin of 9.04%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. On average, equities analysts predict that Acuity Brands Inc will post $8.33 EPS for the current year.

Acuity Brands announced that its board has initiated a stock repurchase plan on Thursday, June 29th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the electronics maker to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Mark A. Black sold 5,427 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $205.29, for a total value of $1,114,108.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter C. Browning sold 970 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $200.05, for a total value of $194,048.50. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $200,050. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Acuity Brands Company Profile

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

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