Acuity Brands (AYI) : Rosenblum Silverman Sutton S F Inc Ca scooped up 210 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 22,448 shares of Acuity Brands which is valued at $6,152,548.Acuity Brands makes up approximately 2.73% of Rosenblum Silverman Sutton S F Inc Ca’s portfolio.
Other Hedge Funds, Including , Oppenheimerfunds reduced its stake in AYI by selling 45,144 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 415,723 shares of AYI which is valued at $113,941,360. Acuity Brands makes up approx 0.14% of Oppenheimerfunds’s portfolio.Advisors Asset Management reduced its stake in AYI by selling 1,095 shares or 11.78% in the most recent quarter. The Hedge Fund company now holds 8,200 shares of AYI which is valued at $2,256,148. Acuity Brands makes up approx 0.04% of Advisors Asset Management’s portfolio.Stephens Investment Management Group reduced its stake in AYI by selling 6,465 shares or 6.09% in the most recent quarter. The Hedge Fund company now holds 99,665 shares of AYI which is valued at $26,679,324. Acuity Brands makes up approx 0.83% of Stephens Investment Management Group’s portfolio.Herndon Capital Management boosted its stake in AYI in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 270 shares of Acuity Brands which is valued at $70,856.Waverton Investment Management Ltd reduced its stake in AYI by selling 100 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 12,200 shares of AYI which is valued at $3,201,646. Acuity Brands makes up approx 0.23% of Waverton Investment Management Ltd’s portfolio.
Acuity Brands opened for trading at $278.4 and hit $280.89 on the upside on Tuesday, eventually ending the session at $279.15, with a gain of 0.58% or 1.61 points. The heightened volatility saw the trading volume jump to 1,54,014 shares. Company has a market cap of $12,251 M.
On the company’s financial health, Acuity Brands reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $2.03. The company had revenue of $851.50 million for the quarter, compared to analysts expectations of $847.59 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Acuity Brands. 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.