Acuity Brands, Inc. (AYI) Holdings Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Acuity Brands, Inc. (NYSE:AYI) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,694 shares of the electronics maker’s stock after selling 445 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Acuity Brands worth $5,454,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in Acuity Brands by 280.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after buying an additional 864 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Acuity Brands by 72.2% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 583 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in shares of Acuity Brands in the 2nd quarter valued at approximately $206,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Acuity Brands in the 3rd quarter valued at approximately $214,000. Finally, ING Groep NV acquired a new stake in shares of Acuity Brands in the 2nd quarter valued at approximately $218,000. 99.09% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AYI opened at $117.90 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.17 and a current ratio of 1.77. Acuity Brands, Inc. has a one year low of $109.98 and a one year high of $186.99. The company has a market cap of $4.83 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.55.

Acuity Brands (NYSE:AYI) last posted its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 EPS for the quarter, topping the consensus estimate of $2.56 by $0.12. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $2.55 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, analysts expect that Acuity Brands, Inc. will post 8.83 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on AYI shares. Cowen set a $180.00 price target on shares of Acuity Brands and gave the company a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Goldman Sachs Group downgraded shares of Acuity Brands from a “neutral” rating to a “sell” rating and reduced their price target for the company from $141.00 to $126.00 in a research note on Wednesday, September 12th. JMP Securities set a $170.00 price target on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, Robert W. Baird set a $175.00 price target on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $150.89.

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Acuity Brands Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

See Also: Debt-To-Equity Ratio

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

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