Jacobson Schmitt Advisors buys $5,529,867 stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Jacobson Schmitt Advisors scooped up 273 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 22,524 shares of Acuity Brands which is valued at $5,529,867.Acuity Brands makes up approximately 4.87% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust reduced its stake in AYI by selling 13 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 286 shares of AYI which is valued at $70,216. Acuity Brands makes up approx 0.03% of Parkside Financial Bank Trust’s portfolio.Retirement Systems Of Alabama boosted its stake in AYI in the latest quarter, The investment management firm added 6,197 additional shares and now holds a total of 93,655 shares of Acuity Brands which is valued at $22,841,518. Acuity Brands makes up approx 0.13% of Retirement Systems Of Alabama’s portfolio. Transamerica Financial Advisors sold out all of its stake in AYI during the most recent quarter. The investment firm sold 2,000 shares of AYI which is valued $512,060.Joel Isaacson reduced its stake in AYI by selling 10 shares or 28.57% in the most recent quarter. The Hedge Fund company now holds 25 shares of AYI which is valued at $6,401.

Acuity Brands opened for trading at $248.94 and hit $252.65 on the upside on Tuesday, eventually ending the session at $252.36, with a gain of 1.43% or 3.55 points. The heightened volatility saw the trading volume jump to 3,91,167 shares. Company has a market cap of $11,060 M.

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 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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