17,646 Shares in Acuity, Inc. $AYI Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 17,646 Acuity shares worth approximately $6.65 million, while institutional investors collectively own 98.21% of the company.
• Analyst sentiment is positive overall, with Acuity rated “Moderate Buy” and an average price target of $397.17 after several brokerages raised their targets.
• Acuity exceeded quarterly earnings expectations, reporting $5.31 in EPS and $1.20 billion in revenue; it also declared a quarterly dividend of $0.20 per share.

Corient Private Wealth LP acquired a new position in Acuity, Inc. (NYSE:AYI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,646 shares of the electronics maker's stock, valued at approximately $6,647,000. Corient Private Wealth LP owned 0.06% of Acuity at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Brown Advisory Inc. boosted its holdings 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 buying an additional 37 shares during the period. Quadrant Capital Group LLC lifted its holdings in Acuity by 1.6% in the third 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 during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Acuity by 0.6% in the fourth 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 boosted its stake in Acuity by 1.8% in the first 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 grew its holdings in shares of Acuity by 59.2% during the third quarter. Quarry LP now owns 113 shares of the electronics maker's stock valued at $39,000 after purchasing an additional 42 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AYI. The Goldman Sachs Group raised their price target on Acuity from $295.00 to $358.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Wall Street Zen raised Acuity from a "hold" rating to a "buy" rating in a research report on Sunday. Morgan Stanley raised their target price on Acuity from $400.00 to $410.00 and gave the company an "overweight" rating in a research note on Wednesday, July 1st. TD Cowen reissued a "buy" rating on shares of Acuity in a report on Thursday, June 25th. Finally, Robert W. Baird upped their price target on shares of Acuity from $315.00 to $390.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $397.17.

Acuity Stock Performance

Shares of NYSE AYI opened at $335.44 on Monday. Acuity, Inc. has a 12-month low of $257.04 and a 12-month high of $380.17. The company has a market cap of $10.04 billion, a PE ratio of 22.24, a P/E/G ratio of 1.81 and a beta of 1.30. The stock has a 50 day simple moving average of $342.80 and a 200-day simple moving average of $308.37. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Acuity (NYSE:AYI - Get Free Report) last posted its earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating the consensus estimate of $5.17 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.18 billion. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The firm's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $5.12 EPS. On average, equities research analysts forecast that Acuity, Inc. will post 18.49 EPS for the current year.

Acuity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, July 17th. Acuity's dividend payout ratio (DPR) is 5.31%.

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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