Acuity Brands, Inc. (NYSE:AYI) – Research analysts at William Blair upped their Q2 2018 earnings per share (EPS) estimates for Acuity Brands in a note issued to investors on Wednesday. William Blair analyst R. Merkel now expects that the electronics maker will earn $1.75 per share for the quarter, up from their prior estimate of $1.74.
AYI has been the topic of a number of other reports. Roth Capital set a $130.00 price target on Acuity Brands and gave the stock a “sell” rating in a research report on Thursday, October 5th. Wells Fargo & Co cut Acuity Brands from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $225.00 to $185.00 in a research report on Friday, September 15th. Seaport Global Securities reissued a “buy” rating and issued a $200.00 price target (down from $225.00) on shares of Acuity Brands in a research report on Friday, October 6th. Wolfe Research cut Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $197.17.
Shares of Acuity Brands (NYSE AYI) opened at $185.36 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7,810.00, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. Acuity Brands has a 12-month low of $153.28 and a 12-month high of $241.02.
In related news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the transaction, the executive vice president now directly owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AYI. BlackRock Inc. raised its holdings in Acuity Brands by 12.8% in the 2nd quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after acquiring an additional 484,537 shares during the last quarter. Standard Life Investments LTD raised its holdings in Acuity Brands by 24.9% in the 2nd quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after acquiring an additional 356,199 shares during the last quarter. American Century Companies Inc. raised its holdings in Acuity Brands by 68.1% in the 3rd quarter. American Century Companies Inc. now owns 779,190 shares of the electronics maker’s stock worth $133,460,000 after acquiring an additional 315,610 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in Acuity Brands by 19.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after acquiring an additional 231,406 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in Acuity Brands by 34.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock worth $151,866,000 after acquiring an additional 226,605 shares during the last quarter.
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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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