3,850 Shares in Acuity, Inc. $AYI Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions purchased 3,850 shares of Acuity, valued at approximately $1.45 million, while institutional investors collectively own 98.21% of the company.
• Acuity reported quarterly earnings of $5.31 per share, exceeding estimates by $0.14, while revenue rose 1.6% year over year to $1.20 billion.
• The stock recently traded at $359, up 0.2%; analysts maintain a “Moderate Buy” consensus with an average price target of $397.17. Acuity also pays a quarterly dividend of $0.20, yielding 0.2%.

Focus Partners Advisor Solutions LLC acquired a new position in Acuity, Inc. (NYSE:AYI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,850 shares of the electronics maker's stock, valued at approximately $1,450,000.

Several other large investors have also modified their holdings of AYI. Elyxium Wealth LLC purchased a new stake in shares of Acuity in the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. purchased a new position in Acuity during the 4th quarter valued at $27,000. Entrust Financial LLC purchased a new position in Acuity during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Acuity in the 4th quarter valued at $36,000. Finally, Elevation Wealth Partners LLC grew its position in Acuity by 110.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 103 shares of the electronics maker's stock valued at $39,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company's stock.

Acuity Trading Up 0.2%

Shares of NYSE AYI opened at $359.00 on Monday. 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 business has a fifty day simple moving average of $334.31 and a two-hundred day simple moving average of $306.51. The firm has a market cap of $10.75 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. Acuity, Inc. has a twelve month low of $257.04 and a twelve month high of $380.17.

Acuity (NYSE:AYI - Get Free Report) last issued its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the prior year, the business earned $5.12 EPS. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect 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 was paid on Monday, August 3rd. Investors of record on Friday, July 17th were paid 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 yield of 0.2%. Acuity's dividend payout ratio is 5.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on AYI. TD Cowen reiterated a "buy" rating on shares of Acuity in a research report on Thursday, June 25th. Wall Street Zen upgraded shares of Acuity from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. Robert W. Baird raised their price target on shares of Acuity from $315.00 to $390.00 and gave the stock a "neutral" rating in a research note on Friday, June 26th. Morgan Stanley lifted their price objective on shares of Acuity from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of Acuity from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $397.17.

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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