Amundi Pioneer Asset Management Inc. boosted its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 63.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,432 shares of the electronics maker’s stock after buying an additional 48,854 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.30% of Acuity Brands worth $22,075,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in Acuity Brands during the fourth quarter valued at about $151,000. Shelton Capital Management bought a new position in Acuity Brands during the fourth quarter valued at about $201,000. Fuller & Thaler Asset Management Inc. bought a new position in Acuity Brands during the third quarter valued at about $206,000. Montag & Caldwell LLC bought a new position in Acuity Brands during the fourth quarter valued at about $212,000. Finally, Amica Retiree Medical Trust bought a new position in Acuity Brands during the fourth quarter valued at about $218,000.
Several research firms recently weighed in on AYI. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Williams Capital lowered shares of Acuity Brands from a “buy” rating to a “hold” rating and cut their target price for the stock from $204.00 to $175.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reiterated a “market perform” rating and set a $175.00 target price (down previously from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Finally, Robert W. Baird reiterated a “hold” rating and set a $198.00 target price on shares of Acuity Brands in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $196.23.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The firm had revenue of $842.80 million during the quarter, compared to analysts’ expectations of $883.97 million. sell-side analysts expect that Acuity Brands, Inc. will post 8.91 EPS for the current fiscal year.
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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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