Acuity, Inc. $AYI Shares Sold by IFP Advisors Inc

IFP Advisors Inc lowered its position in shares of Acuity, Inc. (NYSE:AYI) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 669 shares of the electronics maker’s stock after selling 45 shares during the quarter. IFP Advisors Inc’s holdings in Acuity were worth $200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Acuity during the 2nd quarter worth about $32,000. Cullen Frost Bankers Inc. lifted its position in Acuity by 525.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 105 shares during the period. Reyes Financial Architecture Inc. lifted its position in Acuity by 31.7% during the 1st quarter. Reyes Financial Architecture Inc. now owns 320 shares of the electronics maker’s stock worth $84,000 after acquiring an additional 77 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Acuity by 1,789.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 359 shares of the electronics maker’s stock worth $95,000 after acquiring an additional 340 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Acuity by 31.2% in the 2nd quarter. UMB Bank n.a. now owns 328 shares of the electronics maker’s stock valued at $98,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.

Acuity Stock Performance

AYI opened at $357.12 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.94 and a beta of 1.64. Acuity, Inc. has a 52-week low of $216.81 and a 52-week high of $375.67. The firm’s fifty day simple moving average is $338.18 and its two-hundred day simple moving average is $294.54.

Acuity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, October 17th. Acuity’s payout ratio is 5.43%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AYI shares. Wells Fargo & Company boosted their price objective on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of Acuity in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Acuity in a report on Wednesday, October 8th. Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Zacks Research raised Acuity from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Acuity currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity 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.