Boston Private Wealth LLC lifted its stake in Acuity Brands Inc (NYSE:AYI) by 54.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,597 shares of the electronics maker’s stock after acquiring an additional 2,673 shares during the period. Boston Private Wealth LLC’s holdings in Acuity Brands were worth $1,301,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Acuity Brands by 661.1% in the second quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares during the period. Seven Bridges Advisors LLC bought a new position in shares of Acuity Brands in the second quarter worth $117,000. YorkBridge Wealth Partners LLC boosted its holdings in shares of Acuity Brands by 11.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares during the period. QS Investors LLC boosted its holdings in shares of Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares during the period. Finally, Israel Discount Bank of New York boosted its holdings in shares of Acuity Brands by 32.3% in the second quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares during the period.

In related news, EVP Mark A. Black sold 7,441 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total value of $1,200,382.12. Following the sale, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

Shares of Acuity Brands Inc (NYSE:AYI) opened at $167.01 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53. Acuity Brands Inc has a 12-month low of $153.28 and a 12-month high of $254.55. The stock has a market capitalization of $7,225.85, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.80 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.25. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The company had revenue of $957.60 million for the quarter, compared to the consensus estimate of $975.05 million. During the same quarter last year, the business posted $2.21 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. analysts expect that Acuity Brands Inc will post 8.66 EPS for the current fiscal year.

A number of equities analysts have recently commented on AYI shares. Seaport Global Securities reaffirmed a “buy” rating and issued a $200.00 price target (down from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Oppenheimer reaffirmed a “buy” rating and issued a $200.00 price target (down from $230.00) on shares of Acuity Brands in a report on Tuesday, October 10th. Wolfe Research downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. JMP Securities upgraded Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective on the stock in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Company downgraded Acuity Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $225.00 to $185.00 in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Acuity Brands currently has an average rating of “Hold” and a consensus target price of $197.17.

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About Acuity Brands

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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