Livforsakringsbolaget Skandia Omsesidigt grew its stake in Acuity, Inc. (NYSE:AYI – Free Report) by 20.8% during the fourth quarter, HoldingsChannel reports. The firm owned 17,100 shares of the electronics maker’s stock after purchasing an additional 2,950 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Acuity were worth $6,157,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Acuity in the fourth quarter valued at approximately $25,000. Entrust Financial LLC acquired a new position in shares of Acuity in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Acuity in the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new position in shares of Acuity in the fourth quarter valued at approximately $39,000. Finally, Quarry LP grew its holdings in Acuity by 59.2% during the third quarter. Quarry LP now owns 113 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.
Acuity Stock Down 1.5%
AYI opened at $308.25 on Friday. The business’s fifty day moving average is $287.02 and its two-hundred day moving average is $313.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.73 and a beta of 1.31. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17.
Acuity Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, April 17th. Acuity’s dividend payout ratio is currently 5.87%.
Insider Buying and Selling at Acuity
In related news, Director Laura O’shaughnessy acquired 1,000 shares of Acuity stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of $282.98 per share, for a total transaction of $282,980.00. Following the completion of the transaction, the director directly owned 3,111 shares of the company’s stock, valued at $880,350.78. The trade was a 47.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maya Leibman acquired 200 shares of Acuity stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $288.83 per share, for a total transaction of $57,766.00. Following the completion of the transaction, the director directly owned 400 shares of the company’s stock, valued at approximately $115,532. This represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
AYI has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Acuity from $342.00 to $295.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Weiss Ratings lowered Acuity from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on Acuity from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Robert W. Baird dropped their price objective on Acuity from $320.00 to $315.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Finally, Wall Street Zen raised Acuity from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.17.
Read Our Latest Stock Report on Acuity
Acuity Company Profile
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.
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