Acuity, Inc. (NYSE:AYI) Given Consensus Rating of “Moderate Buy” by Brokerages

Acuity, Inc. (NYSE:AYIGet Free Report) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $369.1667.

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Acuity from a “hold” rating to a “buy” rating in a report on Sunday, April 12th. Weiss Ratings cut Acuity from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Robert W. Baird dropped their price target on Acuity from $320.00 to $315.00 and set a “neutral” rating for the company in a research note on Monday, April 6th. Wells Fargo & Company dropped their price target on Acuity from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group dropped their price target on Acuity from $342.00 to $295.00 and set a “neutral” rating for the company in a research note on Monday, April 6th.

Get Our Latest Analysis on AYI

Acuity Trading Down 6.3%

Shares of AYI stock opened at $280.87 on Thursday. The stock’s fifty day moving average price is $288.66 and its two-hundred day moving average price is $311.85. The company has a market cap of $8.52 billion, a PE ratio of 20.59, a P/E/G ratio of 1.66 and a beta of 1.31. Acuity has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07.

Acuity (NYSE:AYIGet Free Report) last issued its earnings results on Thursday, April 2nd. The electronics maker reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.03. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Acuity had a return on equity of 20.74% and a net margin of 9.37%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. Equities analysts predict that Acuity will post 18.06 EPS for the current fiscal year.

Acuity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, April 17th. Acuity’s dividend payout ratio is presently 5.87%.

Insiders Place Their Bets

In other news, Director Laura O’shaughnessy purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of $282.98 per share, for a total transaction of $282,980.00. Following the purchase, the director owned 3,111 shares of the company’s stock, valued at approximately $880,350.78. The trade was a 47.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maya Leibman purchased 200 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $288.83 per share, with a total value of $57,766.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at $115,532. The trade was a 100.00% increase in their position. The SEC filing for this purchase provides additional information. 2.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its position in Acuity by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 2,338 shares of the electronics maker’s stock worth $655,000 after purchasing an additional 41 shares during the last quarter. Glenmede Trust Co. NA raised its position in Acuity by 12.6% during the 1st quarter. Glenmede Trust Co. NA now owns 984 shares of the electronics maker’s stock worth $276,000 after purchasing an additional 110 shares during the last quarter. Bank of America Corp DE raised its position in Acuity by 58.8% during the 1st quarter. Bank of America Corp DE now owns 283,456 shares of the electronics maker’s stock worth $79,430,000 after purchasing an additional 104,990 shares during the last quarter. Edgestream Partners L.P. bought a new position in Acuity during the 1st quarter worth $2,277,000. Finally, Bull Harbor Capital LLC bought a new position in Acuity during the 1st quarter worth $200,000. 98.21% of the stock is currently owned by institutional investors.

Acuity Company Profile

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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.

See Also

Analyst Recommendations for Acuity (NYSE:AYI)

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