Acuity Brands, Inc. (AYI) Position Lifted by Brandywine Global Investment Management LLC

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Brandywine Global Investment Management LLC boosted its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 114.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,912 shares of the electronics maker’s stock after acquiring an additional 25,038 shares during the period. Brandywine Global Investment Management LLC owned about 0.12% of Acuity Brands worth $5,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mackay Shields LLC boosted its holdings in shares of Acuity Brands by 74.3% in the 4th quarter. Mackay Shields LLC now owns 73,765 shares of the electronics maker’s stock valued at $8,479,000 after buying an additional 31,442 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Acuity Brands by 147.2% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 55,441 shares of the electronics maker’s stock valued at $6,373,000 after buying an additional 33,011 shares in the last quarter. Geode Capital Management LLC boosted its stake in Acuity Brands by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 493,854 shares of the electronics maker’s stock worth $56,738,000 after purchasing an additional 20,542 shares in the last quarter. Captrust Financial Advisors boosted its stake in Acuity Brands by 29.1% in the 4th quarter. Captrust Financial Advisors now owns 1,819 shares of the electronics maker’s stock worth $209,000 after purchasing an additional 410 shares in the last quarter. Finally, Brown Advisory Securities LLC boosted its stake in Acuity Brands by 25.9% in the 4th quarter. Brown Advisory Securities LLC now owns 1,896 shares of the electronics maker’s stock worth $219,000 after purchasing an additional 390 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AYI opened at $123.17 on Friday. Acuity Brands, Inc. has a 12-month low of $103.48 and a 12-month high of $173.01. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.30. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The company had revenue of $932.60 million during the quarter, compared to analyst estimates of $920.39 million. During the same period last year, the firm posted $1.94 EPS. Acuity Brands’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts expect that Acuity Brands, Inc. will post 8.83 EPS for the current year.

A number of analysts recently commented on AYI shares. Wells Fargo & Co lowered their target price on shares of Acuity Brands from $161.00 to $159.00 and set an “outperform” rating for the company in a research note on Wednesday, January 2nd. Credit Suisse Group upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $128.00 to $148.00 in a research note on Wednesday, March 6th. Roth Capital set a $150.00 target price on shares of Acuity Brands and gave the stock a “sell” rating in a research note on Thursday, December 20th. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. Finally, Goldman Sachs Group upgraded shares of Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 target price for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $151.11.

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About Acuity Brands

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape 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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