Crossmark Global Holdings Inc. Reduces Stock Position in Acuity Brands, Inc. (NYSE:AYI)

Crossmark Global Holdings Inc. lowered its holdings in shares of Acuity Brands, Inc. (NYSE:AYIGet Rating) by 45.1% in the third quarter, Holdings Channel.com reports. The fund owned 2,917 shares of the electronics maker’s stock after selling 2,400 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Acuity Brands were worth $460,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. lifted its holdings in shares of Acuity Brands by 60.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 165 shares of the electronics maker’s stock worth $26,000 after buying an additional 62 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Acuity Brands by 23.6% in the 3rd quarter. Janiczek Wealth Management LLC now owns 346 shares of the electronics maker’s stock worth $56,000 after buying an additional 66 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Acuity Brands by 9.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,038 shares of the electronics maker’s stock worth $163,000 after buying an additional 93 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Acuity Brands by 3.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,776 shares of the electronics maker’s stock worth $437,000 after buying an additional 99 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of Acuity Brands by 10.3% in the 1st quarter. Cibc World Market Inc. now owns 1,224 shares of the electronics maker’s stock worth $232,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Insider Activity

In other news, CFO Karen J. Holcom sold 4,238 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $174.51, for a total value of $739,573.38. Following the transaction, the chief financial officer now directly owns 16,856 shares of the company’s stock, valued at $2,941,540.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Karen J. Holcom sold 4,238 shares of the company’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $174.51, for a total value of $739,573.38. Following the sale, the chief financial officer now owns 16,856 shares in the company, valued at $2,941,540.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Barry R. Goldman sold 2,211 shares of the company’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $174.31, for a total value of $385,399.41. Following the completion of the sale, the senior vice president now owns 5,791 shares in the company, valued at approximately $1,009,429.21. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Acuity Brands Trading Up 1.7 %

Shares of NYSE:AYI opened at $175.89 on Monday. The business’s 50-day moving average is $177.11 and its 200 day moving average is $173.50. Acuity Brands, Inc. has a 1 year low of $142.71 and a 1 year high of $201.56. The firm has a market capitalization of $5.64 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.09 and a quick ratio of 1.39.

Acuity Brands (NYSE:AYIGet Rating) last announced its quarterly earnings data on Monday, January 9th. The electronics maker reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.27. The business had revenue of $997.90 million for the quarter, compared to analyst estimates of $984.46 million. Acuity Brands had a return on equity of 21.40% and a net margin of 9.11%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.85 earnings per share. On average, research analysts predict that Acuity Brands, Inc. will post 12.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AYI has been the subject of several research reports. Wells Fargo & Company upped their target price on Acuity Brands from $188.00 to $193.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. Cowen reduced their price target on Acuity Brands from $225.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, October 5th. Cowen reduced their price target on Acuity Brands from $225.00 to $208.00 and set an “outperform” rating for the company in a research report on Wednesday, October 5th. Robert W. Baird lowered Acuity Brands from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $200.00 to $190.00 in a research report on Friday, December 16th. Finally, StockNews.com raised Acuity Brands from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 17th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

About Acuity Brands

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Acuity Brands, Inc operates as an industrial technology company, which engages in the provision of lighting and building management solutions and services. It operates through the Acuity Brands Lighting and Lighting Controls and Intelligent Spaces Group segments. The company was founded in 2001 and is headquartered in Atlanta, GA.

See Also

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

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