Toronto Dominion Bank Decreases Position in Acuity Brands, Inc. (NYSE:AYI)

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Toronto Dominion Bank cut its holdings in Acuity Brands, Inc. (NYSE:AYI) by 13.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,226 shares of the electronics maker’s stock after selling 993 shares during the period. Toronto Dominion Bank’s holdings in Acuity Brands were worth $858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in Acuity Brands in the 2nd quarter worth approximately $34,000. First Mercantile Trust Co. bought a new position in Acuity Brands in the 2nd quarter valued at $58,000. Cutler Group LP boosted its holdings in Acuity Brands by 66.7% in the 2nd quarter. Cutler Group LP now owns 500 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Acuity Brands by 60.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 568 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 215 shares during the period. Finally, Commonwealth Bank of Australia boosted its holdings in Acuity Brands by 31.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 581 shares of the electronics maker’s stock valued at $79,000 after purchasing an additional 139 shares during the period. 92.91% of the stock is owned by institutional investors.

In other news, Director Ray M. Robinson sold 2,363 shares of Acuity Brands stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $130.15, for a total transaction of $307,544.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

NYSE:AYI traded up $0.99 during trading hours on Thursday, reaching $135.11. The company’s stock had a trading volume of 4,470 shares, compared to its average volume of 242,650. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.36 and a beta of 1.57. The firm has a 50-day simple moving average of $128.07 and a 200-day simple moving average of $132.74. Acuity Brands, Inc. has a 1 year low of $103.48 and a 1 year high of $173.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.57 and a current ratio of 2.19.

Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, July 2nd. The electronics maker reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.16. The firm had revenue of $947.60 million for the quarter, compared to analyst estimates of $969.48 million. Acuity Brands had a net margin of 9.02% and a return on equity of 19.90%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.37 EPS. Equities analysts anticipate that Acuity Brands, Inc. will post 9.09 earnings per share for the current fiscal year.

Several research analysts have commented on the stock. Roth Capital set a $95.00 price target on shares of Acuity Brands and gave the company a “sell” rating in a report on Wednesday, July 3rd. CIBC lifted their price objective on shares of Acuity Brands from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price objective (down from $150.00) on shares of Acuity Brands in a report on Wednesday, July 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $154.00 price objective (up from $148.00) on shares of Acuity Brands in a report on Thursday. Finally, ValuEngine downgraded shares of Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $150.50.

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape 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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