Citizens Financial Group Inc. RI purchased a new position in shares of Acuity, Inc. (NYSE:AYI – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,710 shares of the electronics maker’s stock, valued at approximately $644,000.
A number of other institutional investors also recently bought and sold shares of AYI. Elyxium Wealth LLC acquired a new stake in shares of Acuity during the fourth quarter worth about $25,000. Persistent Asset Partners Ltd acquired a new stake in Acuity during the 2nd quarter worth approximately $27,000. Miller Capital Partners Inc. purchased a new position in shares of Acuity in the 4th quarter valued at approximately $27,000. Entrust Financial LLC acquired a new position in shares of Acuity in the fourth quarter valued at approximately $27,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Acuity during the second quarter worth approximately $31,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AYI. The Goldman Sachs Group lifted their price objective on shares of Acuity from $295.00 to $358.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Oppenheimer set a $465.00 price target on shares of Acuity in a research note on Friday, June 26th. Weiss Ratings raised Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Robert W. Baird increased their target price on Acuity from $315.00 to $390.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Wall Street Zen raised Acuity from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and an average price target of $397.17.
Acuity Trading Up 1.1%
Shares of AYI opened at $349.36 on Thursday. Acuity, Inc. has a twelve month low of $257.04 and a twelve month high of $380.17. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10.46 billion, a P/E ratio of 23.17, a PEG ratio of 1.87 and a beta of 1.29. The firm’s 50-day moving average is $337.87 and its two-hundred day moving average is $307.33.
Acuity (NYSE:AYI – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping the consensus estimate of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company earned $5.12 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Acuity, Inc. will post 18.49 earnings per share for the current fiscal year.
Acuity Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 17th were given a $0.20 dividend. The ex-dividend date was Friday, July 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is currently 5.31%.
About Acuity
Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.
Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.
Featured Articles
- Five stocks we like better than Acuity
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity, Inc. (NYSE:AYI – Free Report).
Receive News & Ratings for Acuity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity and related companies with MarketBeat.com's FREE daily email newsletter.
