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Robeco Institutional Asset Management B.V. Buys 51,430 Shares of Acuity, Inc. (NYSE:AYI)

Acuity logo with Business Services background

Robeco Institutional Asset Management B.V. lifted its stake in Acuity, Inc. (NYSE:AYI - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,021 shares of the electronics maker's stock after acquiring an additional 51,430 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.60% of Acuity worth $48,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AYI. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Acuity in the fourth quarter worth $29,000. True Wealth Design LLC acquired a new stake in shares of Acuity in the fourth quarter worth $42,000. National Bank of Canada FI grew its stake in shares of Acuity by 50.5% in the fourth quarter. National Bank of Canada FI now owns 161 shares of the electronics maker's stock worth $47,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Acuity by 45.3% in the first quarter. UMB Bank n.a. now owns 250 shares of the electronics maker's stock worth $66,000 after acquiring an additional 78 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Acuity in the fourth quarter worth $71,000. Institutional investors and hedge funds own 98.21% of the company's stock.

Analyst Ratings Changes

AYI has been the topic of several research analyst reports. Robert W. Baird raised their price objective on shares of Acuity from $315.00 to $335.00 and gave the stock a "neutral" rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Acuity from $285.00 to $320.00 and gave the stock an "equal weight" rating in a research note on Friday. Wall Street Zen upgraded shares of Acuity from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Morgan Stanley lifted their price target on shares of Acuity from $335.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Acuity currently has a consensus rating of "Moderate Buy" and an average price target of $340.60.

View Our Latest Stock Report on Acuity

Acuity Stock Performance

AYI traded down $4.48 during trading on Monday, reaching $298.86. 423,504 shares of the company's stock were exchanged, compared to its average volume of 306,363. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $345.30. The company has a quick ratio of 1.38, a current ratio of 1.99 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $264.61 and a 200 day moving average price of $282.01. The company has a market capitalization of $9.16 billion, a P/E ratio of 23.55, a PEG ratio of 1.92 and a beta of 1.61.

Acuity (NYSE:AYI - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The electronics maker reported $5.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.44 by $0.68. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Acuity had a return on equity of 20.35% and a net margin of 9.63%. The business's revenue was up 21.7% on a year-over-year basis. During the same period last year, the business earned $4.15 earnings per share. As a group, analysts predict that Acuity, Inc. will post 15.86 earnings per share for the current fiscal year.

Acuity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.23%. Acuity's payout ratio is presently 5.16%.

Acuity Company Profile

(Free Report)

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

See Also

Institutional Ownership by Quarter for Acuity (NYSE:AYI)

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