Nuveen Asset Management LLC Has Cut Acuity Brands INC (AYI) Stake by $8.14 Million as Stock 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 worsened, 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. Landscape Cap Mgmt Ltd Liability Corp holds 2,879 shares or 0.03% of its portfolio. Mitsubishi Ufj Trust And Corporation owns 33,654 shares or 0.02% of their US portfolio. 5,825 are held by Nomura Asset Management Comm Limited. Envestnet Asset Mngmt stated it has 0.01% in Acuity Brands, Inc. (NYSE:AYI). Shelton Capital Management reported 0.03% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Brown Brothers Harriman And holds 0% or 3 shares. Credit Suisse Ag holds 0.01% or 72,152 shares. Clark Estates New York reported 0.68% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Alliancebernstein LP invested 0.01% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Clearbridge Limited Liability Com holds 0% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 238 shares. Quantitative Invest Lc accumulated 34,771 shares or 0.19% of the stock. Fil Ltd has invested 0.1% in Acuity Brands, Inc. (NYSE:AYI). State Teachers Retirement reported 0.02% stake. Midas Management Corporation holds 1.65% or 27,600 shares in its portfolio. The New York-based Amalgamated Commercial Bank has invested 0.03% 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 $26.67M, 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 $5.55B 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 $253.88B US Long portfolio, upped its stake in Staar Surgical Co (NASDAQ:STAA) by 705,217 shares to 738,169 shares, valued at $21.69 million in 2019Q2, according to the filing. It also increased its holding in Livanova Plc by 258,882 shares in the quarter, for a total of 357,653 shares, and has risen its stake in Propetro Hldg Corp.

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on October, 2. They expect $2.69 earnings per share, up 6.75 % or $0.17 from last year’s $2.52 per share. AYI’s profit will be $107.32 million for 12.93 P/E if the $2.69 EPS becomes a reality. After $2.37 actual earnings per share 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 Announces Acquisition of WhiteOptics NYSE:AYI – GlobeNewswire” on June 20, 2019, also Stockhouse.com with their article: “Six Innovative Lighting Solutions from Acuity Brands Selected for the 2019 IES Progress Report – Stockhouse” published on August 14, 2019, Globenewswire.com published: “Acuity Brands Reports Fiscal 2019 Second Quarter Results – GlobeNewswire” on April 03, 2019. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Finance.Yahoo.com and their article: “Why Acuity Brands, Inc. (NYSE:AYI) Is A Financially Healthy Company – Yahoo Finance” published on June 12, 2019 as well as Globenewswire.com‘s news article titled: “Acuity Brands Declares Quarterly Dividend NYSE:AYI – GlobeNewswire” with publication date: June 28, 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. The company was maintained on Thursday, April 4 by Wells Fargo. The firm has “Market Outperform” rating given on Thursday, April 4 by JMP Securities. The firm has “Outperform” rating by Robert W. Baird given on Thursday, April 4.

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

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