Deutsche Bank AG Invests $33.09 Million in Acuity, Inc. $AYI

Key Points

• Deutsche Bank initiated a $33.09 million position in Acuity, buying 87,845 shares and holding approximately 0.29% of the company. Institutional investors collectively own 98.21% of Acuity’s stock.
• Acuity exceeded quarterly expectations, reporting earnings of $5.31 per share versus the $5.17 consensus estimate and revenue of $1.20 billion, up 1.6% year over year.
• Analyst sentiment remains favorable, with five Buy ratings and four Holds; the stock has a “Moderate Buy” consensus and an average price target of $397.17, compared with a recent share price of $343.66.

Deutsche Bank AG bought a new position in shares of Acuity, Inc. (NYSE:AYI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 87,845 shares of the electronics maker's stock, valued at approximately $33,088,000. Deutsche Bank AG owned 0.29% of Acuity as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AYI. Perigon Wealth Management LLC bought a new position in shares of Acuity during the second quarter valued at $305,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Acuity in the 2nd quarter worth about $31,000. Persistent Asset Partners Ltd purchased a new stake in Acuity during the 2nd quarter valued at about $27,000. OneDigital Investment Advisors LLC purchased a new stake in Acuity during the 2nd quarter valued at about $298,000. Finally, Global Retirement Partners LLC bought a new stake in Acuity during the 2nd quarter valued at about $118,000. Institutional investors own 98.21% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AYI. 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 lifted their target price on Acuity from $295.00 to $358.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Wall Street Zen cut Acuity from a "buy" rating to a "hold" rating in a research note on Saturday. TD Cowen reiterated a "buy" rating on shares of Acuity in a research note on Thursday, June 25th. Finally, Morgan Stanley boosted their price objective on shares of Acuity from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Five 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 stock has an average rating of "Moderate Buy" and a consensus price target of $397.17.

Acuity Trading Up 0.6%

Shares of AYI stock opened at $343.66 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. Acuity, Inc. has a 1 year low of $257.04 and a 1 year high of $380.17. The company has a market cap of $10.29 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The stock's 50 day simple moving average is $339.88 and its two-hundred day simple moving average is $307.82.

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 net margin of 10.25% and a return on equity of 20.26%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $5.12 EPS. The business's revenue was up 1.6% on a year-over-year basis. Research analysts predict that Acuity, Inc. will post 18.49 earnings per share for the current year.

Acuity Announces Dividend

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

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.

Want to see what other hedge funds are holding AYI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acuity, Inc. (NYSE:AYI - Free Report).

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