Corient Private Wealth LP Has $7.60 Million Stock Position in Acuity, Inc. $AYI

Corient Private Wealth LP lifted its position in Acuity, Inc. (NYSE:AYI - Free Report) by 63.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,170 shares of the electronics maker's stock after buying an additional 7,846 shares during the period. Corient Private Wealth LP owned about 0.07% of Acuity worth $7,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Acuity during the 2nd quarter worth approximately $1,121,983,000. Geode Capital Management LLC raised its holdings in shares of Acuity by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 570,088 shares of the electronics maker's stock worth $205,296,000 after acquiring an additional 20,859 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Acuity by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 635,160 shares of the electronics maker's stock worth $177,970,000 after acquiring an additional 47,880 shares during the period. Norges Bank bought a new stake in Acuity in the 4th quarter valued at $138,747,000. Finally, Bank of America Corp DE bought a new stake in Acuity in the 2nd quarter valued at $106,018,000. 98.21% of the stock is owned by institutional investors and hedge funds.

Acuity Price Performance

Shares of NYSE AYI opened at $298.78 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.05 and a quick ratio of 1.47. The business has a 50-day moving average of $335.53 and a 200-day moving average of $309.28. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.45 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.

Acuity (NYSE:AYI - Get Free Report) last released its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $5.12 earnings per share. Acuity's revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Acuity, Inc. will post 18.49 earnings per share for the current fiscal year.

Acuity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, July 17th. Acuity's payout ratio is presently 5.31%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AYI shares. Robert W. Baird upped their price objective on Acuity from $315.00 to $390.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. Weiss Ratings raised Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, June 26th. The Goldman Sachs Group boosted their target price on Acuity from $295.00 to $358.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Oppenheimer set a $465.00 price target on Acuity in a research report on Friday, June 26th. Finally, Wall Street Zen raised shares of Acuity from a "hold" rating to a "buy" rating in a research note on Sunday, August 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $397.17.

Insider Transactions at Acuity

In other Acuity news, CFO Karen Holcom sold 2,000 shares of the company's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $329.62, for a total transaction of $659,240.00. Following the sale, the chief financial officer directly owned 17,447 shares of the company's stock, valued at approximately $5,750,880.14. This represents a 10.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.90% of the company's stock.

Acuity Profile

Acuity, formerly known as Acuity Brands, Inc, is an industrial technology company that develops products and systems for lighting, building management and connected spaces. Its offerings are designed for commercial, institutional, industrial and residential applications, helping customers manage illumination, energy use, occupancy and other aspects of the built environment.

The company's lighting portfolio includes indoor and outdoor fixtures, lighting controls, and related components.

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