Acuity Brands, Inc. (NYSE:AYI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Acuity Brands, Inc. (NYSE:AYI) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 770 shares of the electronics maker’s stock after purchasing an additional 59 shares during the period. GAMMA Investing LLC’s holdings in Acuity Brands were worth $225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Acuity Brands by 16.3% during the fourth quarter. Versant Capital Management Inc now owns 293 shares of the electronics maker’s stock worth $86,000 after buying an additional 41 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Acuity Brands by 0.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 13,498 shares of the electronics maker’s stock worth $3,717,000 after acquiring an additional 45 shares in the last quarter. Creative Planning increased its position in shares of Acuity Brands by 1.2% in the 3rd quarter. Creative Planning now owns 3,811 shares of the electronics maker’s stock worth $1,050,000 after purchasing an additional 47 shares during the last quarter. Covestor Ltd increased its position in shares of Acuity Brands by 12.7% in the 3rd quarter. Covestor Ltd now owns 427 shares of the electronics maker’s stock worth $118,000 after purchasing an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Acuity Brands by 16.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 352 shares of the electronics maker’s stock valued at $97,000 after purchasing an additional 50 shares in the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Acuity Brands

In other Acuity Brands news, SVP Barry R. Goldman sold 5,120 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $305.00, for a total value of $1,561,600.00. Following the sale, the senior vice president now owns 8,438 shares in the company, valued at approximately $2,573,590. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

Acuity Brands Stock Performance

Shares of AYI opened at $304.72 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.72. Acuity Brands, Inc. has a 1 year low of $204.34 and a 1 year high of $337.99. The firm has a fifty day moving average of $314.79 and a 200-day moving average of $279.68. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AYI shares. William Blair raised Acuity Brands from a “market perform” rating to an “outperform” rating in a report on Thursday, January 2nd. Robert W. Baird upped their price target on Acuity Brands from $280.00 to $318.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Morgan Stanley started coverage on shares of Acuity Brands in a report on Monday. They issued an “equal weight” rating and a $304.00 price objective for the company. Oppenheimer increased their target price on shares of Acuity Brands from $315.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, StockNews.com raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.00.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.