Alliancebernstein L.P. grew its position in Acuity Brands, Inc. (NYSE:AYI) by 34.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,106 shares of the electronics maker’s stock after purchasing an additional 13,041 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Acuity Brands worth $8,034,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Acuity Brands by 280.5% in the second quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 864 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Acuity Brands in the third quarter valued at approximately $214,000. Itau Unibanco Holding S.A. grew its position in shares of Acuity Brands by 72.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 583 shares during the last quarter. Pillar Pacific Capital Management LLC acquired a new stake in Acuity Brands during the third quarter worth approximately $220,000. Finally, Montag A & Associates Inc. acquired a new stake in Acuity Brands during the third quarter worth approximately $221,000. 99.09% of the stock is currently owned by institutional investors.

Shares of NYSE:AYI opened at $117.90 on Monday. The company has a market cap of $4.73 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.27 and a beta of 1.55. Acuity Brands, Inc. has a 1 year low of $109.98 and a 1 year high of $186.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.77.

Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.12. Acuity Brands had a return on equity of 20.30% and a net margin of 9.50%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $2.55 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Acuity Brands, Inc. will post 8.83 EPS for the current fiscal year.

A number of brokerages recently issued reports on AYI. JMP Securities set a $170.00 price target on Acuity Brands and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Robert W. Baird raised Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price target on the stock in a research report on Friday, September 7th. Credit Suisse Group began coverage on Acuity Brands in a research report on Friday, October 12th. They set a “neutral” rating and a $135.00 price target on the stock. Wells Fargo & Co raised Acuity Brands from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $187.00 in a research report on Thursday, September 20th. Finally, ValuEngine raised Acuity Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Acuity Brands has an average rating of “Hold” and a consensus price target of $150.89.

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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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