ABN AMRO Bank N.V. Invests $9.74 Million in Acuity, Inc. $AYI

ABN AMRO Bank N.V. acquired a new position in shares of Acuity, Inc. (NYSE:AYI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,807 shares of the electronics maker's stock, valued at approximately $9,736,000. ABN AMRO Bank N.V. owned approximately 0.09% of Acuity as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Acuity by 50,220.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker's stock valued at $676,764,000 after purchasing an additional 2,263,925 shares during the last quarter. M&T Bank Corp grew its stake in Acuity by 6,496.7% during the 4th quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker's stock worth $249,216,000 after buying an additional 681,696 shares during the last quarter. Norges Bank purchased a new position in Acuity during the 4th quarter worth $138,747,000. Palestra Capital Management LLC acquired a new position in Acuity during the 3rd quarter valued at about $91,539,000. Finally, Alua Capital Management LP purchased a new stake in Acuity in the first quarter valued at about $63,377,000. Hedge funds and other institutional investors own 98.21% of the company's stock.

Acuity Stock Performance

Shares of NYSE AYI opened at $359.00 on Friday. 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, Inc. has a 12 month low of $257.04 and a 12 month high of $380.17. The company has a 50 day simple moving average of $334.31 and a two-hundred day simple moving average of $306.54. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.94 and a beta of 1.29.

Acuity (NYSE:AYI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.20 billion for 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%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.12 EPS. As a group, analysts predict that Acuity, Inc. will post 18.44 earnings per share for the current year.

Acuity Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AYI. Wall Street Zen upgraded Acuity from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. Weiss Ratings upgraded shares of Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Robert W. Baird boosted their target price 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. Oppenheimer set a $465.00 price target on shares of Acuity in a research note on Friday, June 26th. Finally, The Goldman Sachs Group upped their price target on shares of Acuity from $295.00 to $358.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Acuity has a consensus rating of "Moderate Buy" and a consensus 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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