Jacobson Schmitt Advisors Lowers stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Jacobson Schmitt Advisors reduced its stake in Acuity Brands by 2.79% during the most recent quarter end. The investment management company now holds a total of 21,896 shares of Acuity Brands which is valued at $6,001,256 after selling 628 shares in Acuity Brands , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Acuity Brands makes up approximately 4.94% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in AYI by selling 707 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 17,412 shares of AYI which is valued at $4,772,281. Acuity Brands makes up approx 0.09% of Kennedy Capital Management’s portfolio. Analytic Investors added AYI to its portfolio by purchasing 6,499 company shares during the most recent quarter which is valued at $1,781,246. Acuity Brands makes up approx 0.02% of Analytic Investors’s portfolio.Capital Fund Management S.a. boosted its stake in AYI in the latest quarter, The investment management firm added 45,185 additional shares and now holds a total of 63,423 shares of Acuity Brands which is valued at $16,585,749. Acuity Brands makes up approx 0.28% of Capital Fund Management S.a.’s portfolio.Capstone Asset Management Co boosted its stake in AYI in the latest quarter, The investment management firm added 1,834 additional shares and now holds a total of 6,172 shares of Acuity Brands which is valued at $1,611,880. Acuity Brands makes up approx 0.05% of Capstone Asset Management Co’s portfolio.

Acuity Brands opened for trading at $273.43 and hit $275.81 on the upside on Monday, eventually ending the session at $274.77, with a gain of 0.63% or 1.71 points. The heightened volatility saw the trading volume jump to 2,69,153 shares. Company has a market cap of $12,059 M.

On the company’s financial health, Acuity Brands reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $2.03. The company had revenue of $851.50 million for the quarter, compared to analysts expectations of $847.59 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Many Wall Street Analysts have commented on Acuity Brands. ROTH Capital Initiated Acuity Brands on Aug 25, 2016 to “Neutral”, Price Target of the shares are set at $275.

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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