The Manufacturers Life Insurance Company purchased a new position in Acuity, Inc. (NYSE:AYI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,396 shares of the electronics maker’s stock, valued at approximately $8,059,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Acuity at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AYI. Brown Advisory Inc. lifted its position in Acuity by 1.8% during the second quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Acuity by 1.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,488 shares of the electronics maker’s stock worth $857,000 after acquiring an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Acuity by 0.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 6,805 shares of the electronics maker’s stock valued at $2,450,000 after acquiring an additional 41 shares during the period. Parallel Advisors LLC lifted 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 valued at $655,000 after acquiring an additional 41 shares during the period. Finally, Quarry LP boosted its stake 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 in the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.
Acuity Stock Performance
AYI stock opened at $335.44 on Monday. The company has a market cap of $10.04 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.30. Acuity, Inc. has a 1 year low of $257.04 and a 1 year high of $380.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.05 and a quick ratio of 1.47. The stock’s fifty day moving average price is $342.80 and its 200-day moving average price is $308.37.
Acuity Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is presently 5.31%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Robert W. Baird lifted their price objective on Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Morgan Stanley boosted their target price on Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Oppenheimer set a $465.00 target price on Acuity in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $397.17.
Check Out Our Latest Report on AYI
Acuity 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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