Radnor Capital Management LLC Sells 300 Shares of Acuity Brands, Inc. (NYSE:AYI)

Radnor Capital Management LLC cut its position in Acuity Brands, Inc. (NYSE:AYI) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,190 shares of the electronics maker’s stock after selling 300 shares during the quarter. Radnor Capital Management LLC’s holdings in Acuity Brands were worth $1,224,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AYI. ORG Wealth Partners LLC bought a new position in Acuity Brands in the 4th quarter valued at approximately $29,000. UMB Bank n.a. increased its position in Acuity Brands by 517.6% in the 3rd quarter. UMB Bank n.a. now owns 105 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 88 shares during the period. Westside Investment Management Inc. bought a new position in shares of Acuity Brands during the third quarter valued at $33,000. V Square Quantitative Management LLC bought a new position in shares of Acuity Brands during the third quarter valued at $35,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Acuity Brands during the third quarter worth $62,000. 98.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Barry R. Goldman sold 5,120 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $305.00, for a total transaction of $1,561,600.00. Following the transaction, the senior vice president now owns 8,438 shares in the company, valued at approximately $2,573,590. This 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 is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AYI. StockNews.com downgraded Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, January 10th. Oppenheimer raised their price objective on Acuity Brands from $370.00 to $380.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Morgan Stanley raised Acuity Brands from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $304.00 to $370.00 in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Acuity Brands from $320.00 to $336.00 and gave the company an “equal weight” rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group raised their price target on shares of Acuity Brands from $266.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $341.40.

Acuity Brands Stock Up 5.0 %

Shares of Acuity Brands stock opened at $321.60 on Wednesday. The stock’s 50-day moving average is $315.37 and its 200 day moving average is $282.19. Acuity Brands, Inc. has a one year low of $217.64 and a one year high of $337.99. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.72 and a quick ratio of 2.16.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.10. The firm had revenue of $951.60 million for the quarter, compared to analysts’ expectations of $955.60 million. Acuity Brands had a return on equity of 20.49% and a net margin of 11.00%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.72 EPS. Equities research analysts anticipate that Acuity Brands, Inc. will post 15.51 EPS for the current year.

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.