Logan Capital Management Inc buys $19,956,587 stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Logan Capital Management Inc scooped up 1,395 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 72,813 shares of Acuity Brands which is valued at $19,956,587.Acuity Brands makes up approximately 1.58% of Logan Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. added AYI to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $27,408.Ironbridge Capital Management Lp reduced its stake in AYI by selling 22,165 shares or 20.18% in the most recent quarter. The Hedge Fund company now holds 87,655 shares of AYI which is valued at $24,024,482. Acuity Brands makes up approx 1.01% of Ironbridge Capital Management Lp’s portfolio.Palisade Capital Managementnj reduced its stake in AYI by selling 16,831 shares or 92.24% in the most recent quarter. The Hedge Fund company now holds 1,416 shares of AYI which is valued at $374,532. Acuity Brands makes up approx 0.02% of Palisade Capital Managementnj’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in AYI by selling 43 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 9,848 shares of AYI which is valued at $2,584,411. Acuity Brands makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Mountain Pacific Investment Advisers Incid reduced its stake in AYI by selling 200 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 30,140 shares of AYI which is valued at $7,985,894. Acuity Brands makes up approx 0.87% of Mountain Pacific Investment Advisers Incid’s portfolio.

Acuity Brands opened for trading at $278.4 and hit $280.89 on the upside on Tuesday, eventually ending the session at $279.15, with a gain of 0.58% or 1.61 points. The heightened volatility saw the trading volume jump to 1,54,014 shares. Company has a market cap of $12,251 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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