Integrated Investment Consultants Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Integrated Investment Consultants reduced its stake in Acuity Brands by 1.94% during the most recent quarter end. The investment management company now holds a total of 353 shares of Acuity Brands which is valued at $87,551 after selling 7 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Acuity Brands makes up approximately 0.04% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware added AYI to its portfolio by purchasing 903 company shares during the most recent quarter which is valued at $223,962. Acuity Brands makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Msi Financial Services Inc reduced its stake in AYI by selling 41 shares or 9.49% in the most recent quarter. The Hedge Fund company now holds 391 shares of AYI which is valued at $95,682.Capstone Asset Management Co reduced its stake in AYI by selling 108 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 6,064 shares of AYI which is valued at $1,455,906. Acuity Brands makes up approx 0.04% of Capstone Asset Management Co’s portfolio.First Mercantile Trust Co reduced its stake in AYI by selling 1,849 shares or 43.52% in the most recent quarter. The Hedge Fund company now holds 2,400 shares of AYI which is valued at $577,776. Acuity Brands makes up approx 0.08% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants boosted its stake in AYI in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 2,135 shares of Acuity Brands which is valued at $518,784. Acuity Brands makes up approx 0.16% of Independent Portfolio Consultants’s portfolio.

Acuity Brands opened for trading at $246.58 and hit $250.85 on the upside on Friday, eventually ending the session at $248.02, with a gain of 1.41% or 3.44 points. The heightened volatility saw the trading volume jump to 5,40,999 shares. Company has a market cap of $10,885 M.

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. Williams Capital Group Initiated Acuity Brands on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $306.ROTH Capital Initiated Acuity Brands on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $275.

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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