Mutual of America Capital Management LLC Sells 445 Shares of Acuity Brands, Inc. (AYI)

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Mutual of America Capital Management LLC lessened its holdings in shares of Acuity Brands, Inc. (NYSE:AYI) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,694 shares of the electronics maker’s stock after selling 445 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Acuity Brands were worth $5,454,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Acuity Brands by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 64,347 shares of the electronics maker’s stock worth $8,957,000 after acquiring an additional 1,069 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Acuity Brands by 61.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,811 shares of the electronics maker’s stock worth $789,000 after acquiring an additional 2,590 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Acuity Brands by 24.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,362 shares of the electronics maker’s stock worth $274,000 after acquiring an additional 470 shares during the last quarter. Alps Advisors Inc. purchased a new position in Acuity Brands during the 2nd quarter worth $436,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in Acuity Brands by 36.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,055 shares of the electronics maker’s stock worth $586,000 after acquiring an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company’s stock.

Shares of NYSE:AYI opened at $117.90 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.17 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.83 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.30 and a beta of 1.55. Acuity Brands, Inc. has a fifty-two week low of $109.98 and a fifty-two week high of $186.99.

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

AYI has been the topic of a number of analyst reports. ValuEngine raised shares of Acuity Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Robert W. Baird raised shares of Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price objective on the stock in a report on Friday, September 7th. Goldman Sachs Group downgraded shares of Acuity Brands from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $141.00 to $126.00 in a report on Wednesday, September 12th. JMP Securities set a $170.00 price objective on shares of Acuity Brands and gave the stock a “buy” rating in a report on Wednesday, September 12th. Finally, Wells Fargo & Co raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $140.00 to $187.00 in a report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $150.89.

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About Acuity Brands

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.

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

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