Acuity Brands, Inc. (AYI) Shares Sold by Aviva PLC

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Aviva PLC cut its stake in shares of Acuity Brands, Inc. (NYSE:AYI) by 24.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,940 shares of the electronics maker’s stock after selling 4,869 shares during the period. Aviva PLC’s holdings in Acuity Brands were worth $1,717,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AYI. Shine Investment Advisory Services Inc. acquired a new position in Acuity Brands during the fourth quarter worth $33,000. SRS Capital Advisors Inc. raised its position in shares of Acuity Brands by 183.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 374 shares of the electronics maker’s stock valued at $43,000 after buying an additional 242 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Acuity Brands in the fourth quarter valued at about $64,000. Exane Derivatives raised its position in shares of Acuity Brands by 85,000.0% in the fourth quarter. Exane Derivatives now owns 851 shares of the electronics maker’s stock valued at $98,000 after buying an additional 850 shares during the last quarter. Finally, ETF Managers Group LLC raised its position in shares of Acuity Brands by 18.6% in the fourth quarter. ETF Managers Group LLC now owns 958 shares of the electronics maker’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Institutional investors own 92.86% of the company’s stock.

Shares of NYSE AYI opened at $131.39 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.92 and a debt-to-equity ratio of 0.20. Acuity Brands, Inc. has a 52 week low of $103.48 and a 52 week high of $173.01. The stock has a market capitalization of $5.25 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.56.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, January 9th. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.30. Acuity Brands had a net margin of 9.49% and a return on equity of 20.88%. The firm had revenue of $932.60 million during the quarter, compared to analyst estimates of $920.39 million. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Acuity Brands’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that Acuity Brands, Inc. will post 8.83 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Monday, January 14th. Roth Capital set a $150.00 target price on shares of Acuity Brands and gave the company a “sell” rating in a research report on Thursday, December 20th. Credit Suisse Group reiterated a “market perform” rating and issued a $128.00 target price (down from $135.00) on shares of Acuity Brands in a research report on Thursday, January 3rd. Wells Fargo & Co reduced 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 report on Wednesday, January 2nd. Finally, Oppenheimer reduced their target price on shares of Acuity Brands from $170.00 to $166.00 in a research report on Friday, January 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $151.67.

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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.

Further Reading: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity Brands, Inc. (NYSE:AYI).

Institutional Ownership by Quarter for Acuity Brands (NYSE:AYI)

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