Scout Investments buys $90,258,852 stake in Acuity Brands (AYI)

Acuity Brands (AYI) : Scout Investments scooped up 76,768 additional shares in Acuity Brands during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 328,047 shares of Acuity Brands which is valued at $90,258,852.Acuity Brands makes up approximately 2.40% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Commonwealth Equity Services Inc boosted its stake in AYI in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 2,130 shares of Acuity Brands which is valued at $570,180.Herndon Capital Management boosted its stake in AYI in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 270 shares of Acuity Brands which is valued at $70,856.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.Creative Planning boosted its stake in AYI in the latest quarter, The investment management firm added 772 additional shares and now holds a total of 4,490 shares of Acuity Brands which is valued at $1,172,608. Acuity Brands makes up approx 0.01% of Creative Planning’s portfolio.

Acuity Brands opened for trading at $273.95 and hit $276.41 on the upside on Monday, eventually ending the session at $276, with a gain of 0.70% or 1.92 points. The heightened volatility saw the trading volume jump to 1,71,625 shares. Company has a market cap of $12,113 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.

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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