TD Asset Management Inc Purchases New Holdings in Acuity, Inc. $AYI

TD Asset Management Inc purchased a new stake in shares of Acuity, Inc. (NYSE:AYI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,156 shares of the electronics maker’s stock, valued at approximately $345,000.

Several other large investors have also recently bought and sold shares of AYI. GAMMA Investing LLC boosted its position in Acuity by 12.1% during the first quarter. GAMMA Investing LLC now owns 863 shares of the electronics maker’s stock valued at $227,000 after purchasing an additional 93 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Acuity by 27.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,161 shares of the electronics maker’s stock valued at $1,886,000 after purchasing an additional 1,546 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Acuity by 3.0% during the first quarter. State of Alaska Department of Revenue now owns 3,592 shares of the electronics maker’s stock valued at $945,000 after purchasing an additional 105 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Acuity by 3.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,482 shares of the electronics maker’s stock valued at $3,024,000 after purchasing an additional 387 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Acuity during the first quarter valued at approximately $554,000. 98.21% of the stock is owned by institutional investors and hedge funds.

Acuity Stock Up 3.7%

AYI stock opened at $370.66 on Friday. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.33. The stock has a market capitalization of $11.36 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.92 and a beta of 1.64. The business’s fifty day moving average price is $341.64 and its two-hundred day moving average price is $297.79.

Acuity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is currently 5.43%.

Wall Street Analyst Weigh In

AYI has been the subject of several recent research reports. Robert W. Baird increased their price target on Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Morgan Stanley raised their price objective on Acuity from $365.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. The Goldman Sachs Group raised their price objective on Acuity from $312.00 to $356.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company raised their price objective on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $395.17.

Acuity 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.