Edmond De Rothschild Asset Management (luxembourg) Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Edmond De Rothschild Asset Management (luxembourg) reduced its stake in Acuity Brands by 35.21% during the most recent quarter end. The investment management company now holds a total of 1,472 shares of Acuity Brands which is valued at $377,097 after selling 800 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Acuity Brands makes up approximately 0.42% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in AYI by selling 4,732 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 65,069 shares of AYI which is valued at $16,669,376. Acuity Brands makes up approx 0.10% of Nuveen Asset Management’s portfolio.Baird Financial Group reduced its stake in AYI by selling 3,138 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 232,899 shares of AYI which is valued at $59,375,271. Acuity Brands makes up approx 0.54% of Baird Financial Group’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in AYI in the latest quarter, The investment management firm added 791 additional shares and now holds a total of 90,777 shares of Acuity Brands which is valued at $23,142,688. Acuity Brands makes up approx 0.05% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Blackrock Japan Ltd boosted its stake in AYI in the latest quarter, The investment management firm added 609 additional shares and now holds a total of 58,195 shares of Acuity Brands which is valued at $13,189,897. Acuity Brands makes up approx 0.05% of Blackrock Japan Ltd’s portfolio.Mutual Of America Capital Management reduced its stake in AYI by selling 126 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 5,004 shares of AYI which is valued at $1,087,719. Acuity Brands makes up approx 0.02% of Mutual Of America Capital Management’s portfolio.

Acuity Brands closed down -2.77 points or -1.10% at $248.96 with 4,07,038 shares getting traded on Monday. Post opening the session at $251.13, the shares hit an intraday low of $246.92 and an intraday high of $252.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Acuity Brands reported $2.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 5, 2016. Analyst had a consensus of $2.39. The company had revenue of $925.50 million for the quarter, compared to analysts expectations of $946.53 million. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS.

Many Wall Street Analysts have commented on Acuity Brands. Seaport Global Securities Initiated Acuity Brands on Nov 4, 2016 to “Buy”, Price Target of the shares are set at $290.Acuity Brands was Upgraded by Wells Fargo to ” Outperform” on Oct 31, 2016. Williams Capital Group Initiated Acuity Brands on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $306.

Acuity Brands Inc. (Acuity Brands) is the parent company of Acuity Brands Lighting Inc. (ABL) and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial institutional industrial infrastructure and residential applications throughout North America and select international markets. The Company’s lighting solutions include devices such as luminaires lighting controls power supplies prismatic skylights light-emitting diode (LED) lamps and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources including daylight and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13 2013 the Company acquired eldoLED Europe BV.

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