Penserra Capital Management LLC Trims Stock Position in Acuity, Inc. $AYI

Penserra Capital Management LLC trimmed its holdings in shares of Acuity, Inc. (NYSE:AYI) by 86.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166 shares of the electronics maker’s stock after selling 1,064 shares during the period. Penserra Capital Management LLC’s holdings in Acuity were worth $49,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in Acuity by 1,100.0% during the second quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Acuity during the second quarter worth about $32,000. Cullen Frost Bankers Inc. raised its position in shares of Acuity by 525.0% in the first quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker’s stock valued at $33,000 after buying an additional 105 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Acuity during the second quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC grew its stake in Acuity by 3,175.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.

Acuity Price Performance

Shares of NYSE AYI opened at $353.10 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.33. Acuity, Inc. has a 1-year low of $216.81 and a 1-year high of $375.67. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.94 and a beta of 1.62. The business has a 50-day moving average of $352.51 and a 200-day moving average of $311.49.

Acuity (NYSE:AYI) last posted its earnings results on Wednesday, October 1st. The electronics maker reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $4.84 by $0.36. Acuity had a net margin of 9.13% and a return on equity of 20.81%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $4.30 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. On average, equities analysts anticipate that Acuity, Inc. will post 15.86 EPS for the current fiscal year.

Acuity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were given a $0.17 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is presently 5.43%.

Insider Buying and Selling at Acuity

In related news, SVP Barry R. Goldman sold 4,489 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the sale, the senior vice president directly owned 6,056 shares of the company’s stock, valued at approximately $2,211,106.16. This represents a 42.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

AYI has been the topic of several recent analyst reports. Cowen reiterated a “buy” rating on shares of Acuity in a research report on Thursday, October 2nd. TD Cowen raised their target price on shares of Acuity from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen lowered shares of Acuity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings cut shares of Acuity from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Finally, Robert W. Baird lifted their target price on Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Acuity presently has an average rating of “Moderate Buy” and an average 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.