Acuity, Inc. $AYI Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. trimmed its position in shares of Acuity, Inc. (NYSE:AYI - Free Report) by 65.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,608 shares of the electronics maker's stock after selling 190,933 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.34% of Acuity worth $38,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in Acuity during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in shares of Acuity in the fourth quarter valued at about $27,000. Persistent Asset Partners Ltd acquired a new stake in shares of Acuity in the second quarter valued at approximately $27,000. Miller Capital Partners Inc. purchased a new position in shares of Acuity during the 4th quarter worth approximately $27,000. Finally, Danske Bank A S purchased a new position in shares of Acuity during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 98.21% of the company's stock.

Acuity Trading Up 0.1%

Shares of AYI opened at $335.44 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market capitalization 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. The stock's fifty day simple moving average is $342.80 and its 200 day simple moving average is $308.37. 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 posted its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the business earned $5.12 earnings per share. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Acuity, Inc. will post 18.49 earnings per share for the current year.

Acuity Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on AYI. Robert W. Baird increased their target price on Acuity from $315.00 to $390.00 and gave the company 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 report on Sunday. The Goldman Sachs Group upped their price objective on Acuity from $295.00 to $358.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. Oppenheimer set a $465.00 price objective on Acuity in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $397.17.

About Acuity

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source