Acuity Brands Inc (AYI) Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Acuity Brands Inc (NYSE:AYI) by 64.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,590 shares of the electronics maker’s stock after selling 905,954 shares during the period. JPMorgan Chase & Co. owned approximately 1.17% of Acuity Brands worth $82,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Acuity Brands by 2.8% in the second quarter. Vanguard Group Inc. now owns 4,299,432 shares of the electronics maker’s stock worth $873,989,000 after buying an additional 117,422 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Acuity Brands by 12.8% in the second quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after buying an additional 484,537 shares during the last quarter. Standard Life Investments LTD raised its holdings in shares of Acuity Brands by 24.9% in the second quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock worth $363,146,000 after buying an additional 356,199 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Acuity Brands by 19.6% in the second 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 buying an additional 231,406 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Acuity Brands by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 1,391,291 shares of the electronics maker’s stock worth $282,740,000 after buying an additional 11,248 shares during the last quarter.

Acuity Brands Inc (AYI) opened at $170.30 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21. Acuity Brands Inc has a fifty-two week low of $153.28 and a fifty-two week high of $254.55. The stock has a market cap of $7,257.89, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.81 and a beta of 1.44.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.25. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. During the same quarter last year, the company posted $2.21 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. analysts forecast that Acuity Brands Inc will post 8.66 EPS for the current year.

In related news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at $4,944,296.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Wells Fargo & Company cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $225.00 to $185.00 in a report on Friday, September 15th. JMP Securities raised shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target for the company in a report on Tuesday, October 3rd. KeyCorp assumed coverage on shares of Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating for the company. Finally, Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Acuity Brands presently has a consensus rating of “Hold” and an average price target of $197.17.

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Acuity Brands Profile

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

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