Nuveen Asset Management LLC Lowered Acuity Brands INC (AYI) Position by $8.14 Million; Valuation Declined

Acuity Brands, Inc. (NYSE:AYI) LogoInvestors sentiment decreased to 1.05 in 2019 Q2. Its down 0.32, from 1.37 in 2019Q1. It is negative, as 37 investors sold AYI shares while 107 reduced holdings. 52 funds opened positions while 99 raised stakes. 36.22 million shares or 2.48% more from 35.34 million shares in 2019Q1 were reported. California State Teachers Retirement Systems owns 67,141 shares for 0.02% of their portfolio. Captrust Financial Advsr holds 0.01% or 1,931 shares. Tocqueville Asset Mgmt LP has 0.15% invested in Acuity Brands, Inc. (NYSE:AYI) for 86,200 shares. Blackrock stated it has 0.02% in Acuity Brands, Inc. (NYSE:AYI). Ubs Asset Mgmt Americas has 149,756 shares for 0% of their portfolio. Cap Fund Management Sa reported 0% stake. Marshall Wace Llp stated it has 0.02% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Bankshares Of Ny Mellon Corp invested in 0.02% or 553,771 shares. Teacher Retirement Sys Of Texas has 0.02% invested in Acuity Brands, Inc. (NYSE:AYI). Tower Research Cap Ltd (Trc) holds 0.01% or 811 shares in its portfolio. Tci Wealth Advsrs Inc owns 11 shares. Commonwealth Fincl Bank Of reported 581 shares stake. Parkside Bank has 568 shares for 0.03% of their portfolio. Envestnet Asset reported 0.01% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Korea Investment Corp invested 0% in Acuity Brands, Inc. (NYSE:AYI).

Nuveen Asset Management Llc decreased its stake in Acuity Brands Inc (AYI) by 23.5% based on its latest 2019Q2 regulatory filing with the SEC. Nuveen Asset Management Llc sold 59,413 shares as the company’s stock declined 7.00% . The institutional investor held 193,386 shares of the building products company at the end of 2019Q2, valued at $26.67 million, down from 252,799 at the end of the previous reported quarter. Nuveen Asset Management Llc who had been investing in Acuity Brands Inc for a number of months, seems to be less bullish one the $5.55 billion market cap company. The stock increased 1.75% or $2.4 during the last trading session, reaching $139.16. About 288,394 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 1.37% since September 13, 2018 and is downtrending. It has underperformed by 1.37% the S&P500.

Nuveen Asset Management Llc, which manages about $253.88 billion US Long portfolio, upped its stake in Exelon Corp (NYSE:EXC) by 5.90M shares to 5.94M shares, valued at $284.53 million in 2019Q2, according to the filing. It also increased its holding in Colgate Palmolive Co (NYSE:CL) by 6.40M shares in the quarter, for a total of 6.44M shares, and has risen its stake in Varonis Sys Inc (NASDAQ:VRNS).

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on October, 2. They expect $2.69 EPS, up 6.75 % or $0.17 from last year’s $2.52 per share. AYI’s profit will be $107.32M for 12.93 P/E if the $2.69 EPS becomes a reality. After $2.37 actual EPS reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts 13.50 % EPS growth.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Globenewswire.com which released: “Acuity Brands Reports Fiscal 2019 Second Quarter Results – GlobeNewswire” on April 03, 2019, also Globenewswire.com with their article: “Acuity Brands Declares Quarterly Dividend NYSE:AYI – GlobeNewswire” published on June 28, 2019, Finance.Yahoo.com published: “Here’s Why Acuity Brands (NYSE:AYI) Can Manage Its Debt Responsibly – Yahoo Finance” on August 27, 2019. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Finance.Yahoo.com and their article: “Want To Invest In Acuity Brands, Inc. (NYSE:AYI)? Here’s How It Performed Lately – Yahoo Finance” published on July 20, 2019 as well as Investorplace.com‘s news article titled: “Acuity Brands Earnings: AYI Stock Sinks on Disappointing Sales, Outlook – Investorplace.com” with publication date: July 02, 2019.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 3 analysts covering Acuity Brands (NYSE:AYI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Acuity Brands has $184 highest and $155 lowest target. $166.33’s average target is 19.52% above currents $139.16 stock price. Acuity Brands had 6 analyst reports since March 21, 2019 according to SRatingsIntel. As per Thursday, April 4, the company rating was maintained by Wells Fargo. The company was maintained on Thursday, April 4 by JMP Securities. The company was maintained on Thursday, April 4 by Robert W. Baird.

Acuity Brands, Inc. (NYSE:AYI) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.