Gateway Wealth Partners LLC Buys New Position in Acuity, Inc. $AYI

Gateway Wealth Partners LLC bought a new position in Acuity, Inc. (NYSE:AYIFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,545 shares of the electronics maker’s stock, valued at approximately $433,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of Acuity by 8,338.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,097 shares of the electronics maker’s stock worth $289,000 after buying an additional 1,084 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Acuity by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 76,543 shares of the electronics maker’s stock worth $20,158,000 after buying an additional 11,144 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Acuity by 372.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 208 shares of the electronics maker’s stock valued at $62,000 after acquiring an additional 164 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Acuity by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after acquiring an additional 37 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Acuity during the 2nd quarter valued at $762,000. 98.21% of the stock is owned by institutional investors and hedge funds.

Acuity Price Performance

Shares of AYI opened at $328.53 on Friday. Acuity, Inc. has a 12-month low of $257.04 and a 12-month high of $380.17. The business’s fifty day moving average is $324.01 and its 200 day moving average is $303.93. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.24. The stock has a market cap of $9.84 billion, a P/E ratio of 21.79, a P/E/G ratio of 1.83 and a beta of 1.27.

Acuity (NYSE:AYIGet Free Report) last posted its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $0.14. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Acuity had a net margin of 10.25% and a return on equity of 20.26%. Acuity’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $5.12 EPS. Sell-side analysts anticipate that Acuity, Inc. will post 18.44 earnings per share for the current fiscal year.

Acuity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, July 17th. Acuity’s dividend payout ratio (DPR) is 5.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AYI shares. Morgan Stanley increased their target price on shares of Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Oppenheimer set a $465.00 price objective on shares of Acuity in a report on Friday, June 26th. Weiss Ratings raised shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, TD Cowen restated a “buy” rating on shares of Acuity in a research note on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $397.17.

Check Out Our Latest Analysis on AYI

Acuity Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Acuity (NYSE:AYI)

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