Acuity, Inc. (NYSE:AYI – Get Free Report) Director Laura O’shaughnessy bought 73 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The shares were purchased at an average cost of $302.32 per share, for a total transaction of $22,069.36. Following the acquisition, the director directly owned 3,184 shares in the company, valued at $962,586.88. This trade represents a 2.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Acuity Price Performance
NYSE:AYI traded up $1.91 during trading hours on Tuesday, hitting $310.49. The stock had a trading volume of 303,655 shares, compared to its average volume of 395,917. The company has a 50 day simple moving average of $320.95 and a two-hundred day simple moving average of $314.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.70 and a quick ratio of 1.28. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.52 and a beta of 1.30.
Acuity (NYSE:AYI – Get Free Report) last released its quarterly earnings results on Thursday, October 1st. The electronics maker reported $5.77 earnings per share for the quarter, topping the consensus estimate of $5.57 by $0.20. Acuity had a net margin of 11.45% and a return on equity of 20.30%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the firm posted $5.20 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts forecast that Acuity, Inc. will post 19.99 earnings per share for the current fiscal year.
Acuity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 16th. Acuity’s payout ratio is presently 4.68%.
Analysts Set New Price Targets
Several research firms have weighed in on AYI. William Blair cut Acuity from an “outperform” rating to a “market perform” rating in a report on Monday, September 28th. Oppenheimer cut their price objective on Acuity from $440.00 to $415.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Robert W. Baird cut their price objective on Acuity from $360.00 to $348.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Morgan Stanley decreased their price objective on shares of Acuity from $410.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Acuity in a research note on Tuesday, September 22nd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $374.20.
Get Our Latest Research Report on Acuity
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Persistent Asset Partners Ltd purchased a new stake in Acuity during the second quarter valued at about $27,000. Transamerica Financial Advisors LLC purchased a new position in shares of Acuity in the 2nd quarter worth about $30,000. Danske Bank A S purchased a new position in shares of Acuity in the 2nd quarter worth about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Acuity in the 2nd quarter worth about $31,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Acuity by 110.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 103 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 98.21% of the company’s stock.
Acuity Company Profile
Acuity (NYSE: AYI), formerly known as Acuity Brands, is a technology company focused on improving how people experience and manage indoor and outdoor spaces. Its businesses develop lighting, lighting controls, building-management systems and related solutions for commercial, institutional, industrial and residential applications.
The company’s offerings include LED lighting fixtures, connected lighting systems, sensors, controls, building automation technologies and location-aware software.
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