Pensionfund Sabic adds Acuity Brands (AYI) to its portfolio

Acuity Brands (AYI) : Pensionfund Sabic added new position in Acuity Brands during the most recent quarter end. The investment management firm now holds 6,500 shares of Acuity Brands which is valued at $1.6 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Acuity Brands makes up approximately 0.49% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added AYI to its portfolio by purchasing 14,000 company shares during the most recent quarter which is valued at $3.5 Million. Acuity Brands makes up approx 0.47% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Acuity Brands reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $1.57. The company had revenue of $777.80 million for the quarter, compared to analysts expectations of $752.75 million. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Acuity Brands. Acuity Brands was Downgraded by Credit Agricole to ” Outperform” on Apr 7, 2016. Company shares were Reiterated by Canaccord Genuity on Apr 7, 2016 to “Buy”, Firm has raised the Price Target to $ 269 from a previous price target of $247 .Shares were Reiterated by Canaccord Genuity on Apr 4, 2016 to “Buy” and Lowered the Price Target to $ 247 from a previous price target of $265 .

Acuity Brands closed down -1.95 points or -0.78% at $248.17 with 4,67,325 shares getting traded on Monday. Post opening the session at $251, the shares hit an intraday low of $247.4 and an intraday high of $253.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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