Amundi Acquires 9,464 Shares of Acuity, Inc. $AYI

Key Points

• Amundi increased its Acuity (NYSE: AYI) position by 228.8% in the first quarter, purchasing 9,464 additional shares for a total stake of 13,601 shares valued at approximately $3.81 million. Institutional investors collectively own 98.21% of the company.
• Acuity reported quarterly EPS of $5.31, beating estimates by $0.14, while revenue rose 1.6% year over year to $1.20 billion. Analysts project full-year EPS of $18.44.
• The stock opened at $356.80, and analysts maintain a “Moderate Buy” consensus with an average price target of $397.17; the company also pays a quarterly dividend of $0.20 per share.

Amundi raised its stake in shares of Acuity, Inc. (NYSE:AYI - Free Report) by 228.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 13,601 shares of the electronics maker's stock after purchasing an additional 9,464 shares during the period. Amundi's holdings in Acuity were worth $3,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC grew its holdings in shares of Acuity by 50,220.2% in the second quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker's stock valued at $676,764,000 after acquiring an additional 2,263,925 shares in the last quarter. Durable Capital Partners LP lifted its holdings in Acuity by 9.1% during the third quarter. Durable Capital Partners LP now owns 1,363,619 shares of the electronics maker's stock worth $469,617,000 after acquiring an additional 113,720 shares during the period. M&T Bank Corp boosted its position in Acuity by 6,496.7% in the fourth quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker's stock worth $249,216,000 after purchasing an additional 681,696 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Acuity by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 635,160 shares of the electronics maker's stock worth $177,970,000 after purchasing an additional 47,880 shares during the last quarter. Finally, Boston Partners grew its stake in Acuity by 10.1% in the 3rd quarter. Boston Partners now owns 633,060 shares of the electronics maker's stock valued at $218,071,000 after purchasing an additional 58,085 shares during the period. 98.21% of the stock is owned by institutional investors.

Acuity Price Performance

Shares of NYSE AYI opened at $356.80 on Friday. The stock has a market cap of $10.68 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. Acuity, Inc. has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05. The stock has a fifty day moving average of $328.36 and a 200-day moving average of $304.64.

Acuity (NYSE:AYI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $5.12 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Acuity, Inc. will post 18.44 earnings per share for the current year.

Acuity Announces Dividend

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

Wall Street Analysts Forecast Growth

AYI has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. TD Cowen reaffirmed a "buy" rating on shares of Acuity in a research report on Thursday, June 25th. Robert W. Baird boosted their target price on shares of Acuity from $315.00 to $390.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Oppenheimer set a $465.00 price target on shares of Acuity in a research note on Friday, June 26th. Finally, Morgan Stanley upped their price objective on Acuity from $400.00 to $410.00 and gave the company an "overweight" rating in a research note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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