Clark Capital Management Group Inc. boosted its position in shares of Acuity, Inc. (NYSE:AYI – Free Report) by 4.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 192,466 shares of the electronics maker’s stock after acquiring an additional 7,930 shares during the period. Clark Capital Management Group Inc.’s holdings in Acuity were worth $69,296,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Acuity during the 4th quarter valued at $25,000. Entrust Financial LLC bought a new position in Acuity during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Acuity during the 4th quarter valued at $36,000. Torren Management LLC bought a new position in shares of Acuity in the 4th quarter worth about $39,000. Finally, Quarry LP lifted its position in shares of Acuity by 59.2% in the 3rd quarter. Quarry LP now owns 113 shares of the electronics maker’s stock worth $39,000 after buying an additional 42 shares during the last quarter. 98.21% of the stock is owned by institutional investors and hedge funds.
Acuity Stock Up 1.3%
Acuity stock opened at $306.52 on Wednesday. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.68 and a beta of 1.31. The company has a current ratio of 2.07, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $290.60 and its two-hundred day moving average price is $310.16. Acuity, Inc. has a 52 week low of $257.04 and a 52 week high of $380.17.
Acuity Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were issued 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 (DPR) is presently 5.87%.
Analyst Ratings Changes
AYI has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Acuity from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Robert W. Baird reduced their price target on shares of Acuity from $320.00 to $315.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Wells Fargo & Company reduced their price target on shares of Acuity from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Acuity from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group reduced their price target on shares of Acuity from $342.00 to $295.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and an average target price of $369.17.
Check Out Our Latest Analysis on Acuity
Insider Activity
In other news, Director Laura O’shaughnessy bought 1,000 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the director directly owned 3,111 shares in the company, valued at $880,350.78. This represents a 47.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maya Leibman bought 200 shares of the firm’s stock in a transaction on 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 acquisition, the director owned 400 shares of the company’s stock, valued at approximately $115,532. This trade represents a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 2.90% of the company’s stock.
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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