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Value Holdings Management CO. LLC Has $6.13 Million Holdings in Acuity Brands, Inc. (NYSE:AYI)

Acuity Brands logo with Construction background

Value Holdings Management CO. LLC lifted its stake in shares of Acuity Brands, Inc. (NYSE:AYI - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the electronics maker's stock after acquiring an additional 2,000 shares during the quarter. Acuity Brands comprises about 1.1% of Value Holdings Management CO. LLC's investment portfolio, making the stock its 22nd biggest holding. Value Holdings Management CO. LLC owned 0.07% of Acuity Brands worth $6,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in Acuity Brands by 16.3% during the fourth quarter. Versant Capital Management Inc now owns 293 shares of the electronics maker's stock valued at $86,000 after purchasing an additional 41 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Acuity Brands by 0.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 13,498 shares of the electronics maker's stock worth $3,717,000 after acquiring an additional 45 shares during the last quarter. Creative Planning raised its position in shares of Acuity Brands by 1.2% during the third quarter. Creative Planning now owns 3,811 shares of the electronics maker's stock worth $1,050,000 after purchasing an additional 47 shares during the period. Covestor Ltd lifted its holdings in shares of Acuity Brands by 12.7% during the third quarter. Covestor Ltd now owns 427 shares of the electronics maker's stock valued at $118,000 after purchasing an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Acuity Brands by 16.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 352 shares of the electronics maker's stock valued at $97,000 after purchasing an additional 50 shares during the period. Institutional investors own 98.21% of the company's stock.

Insider Transactions at Acuity Brands

In other Acuity Brands news, SVP Barry R. Goldman sold 5,120 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $305.00, for a total transaction of $1,561,600.00. Following the completion of the transaction, the senior vice president now owns 8,438 shares of the company's stock, valued at $2,573,590. The trade was a 37.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Acuity Brands Stock Down 0.0 %

AYI traded down $0.05 during midday trading on Friday, hitting $330.70. 263,445 shares of the company's stock traded hands, compared to its average volume of 340,041. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.16. The company has a market cap of $10.24 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.40. Acuity Brands, Inc. has a one year low of $217.64 and a one year high of $337.99. The stock's fifty day simple moving average is $315.63 and its 200-day simple moving average is $284.01.

Acuity Brands (NYSE:AYI - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.10. Acuity Brands had a net margin of 11.11% and a return on equity of 19.98%. The business had revenue of $951.60 million during the quarter, compared to analyst estimates of $955.60 million. During the same quarter in the previous year, the business earned $3.72 EPS. Acuity Brands's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Acuity Brands, Inc. will post 15.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AYI. Morgan Stanley raised shares of Acuity Brands from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $304.00 to $370.00 in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Acuity Brands from $266.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. StockNews.com downgraded Acuity Brands from a "strong-buy" rating to a "buy" rating in a report on Friday, January 10th. Oppenheimer lifted their target price on Acuity Brands from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Finally, Robert W. Baird increased their price target on shares of Acuity Brands from $280.00 to $318.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $341.40.

Check Out Our Latest Research Report on Acuity Brands

About Acuity Brands

(Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

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

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