GHP Investment Advisors Inc. Takes Position in Acuity, Inc. (NYSE:AYI)

GHP Investment Advisors Inc. acquired a new stake in Acuity, Inc. (NYSE:AYI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,105 shares of the electronics maker's stock, valued at approximately $554,000.

Several other large investors also recently modified their holdings of AYI. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Acuity in the 4th quarter valued at approximately $29,000. True Wealth Design LLC bought a new stake in shares of Acuity in the 4th quarter valued at approximately $42,000. National Bank of Canada FI grew its stake in shares of Acuity by 50.5% in the 4th quarter. National Bank of Canada FI now owns 161 shares of the electronics maker's stock valued at $47,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. grew its position in Acuity by 45.3% during the 1st 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 bought a new stake in Acuity during the 4th quarter worth approximately $71,000. 98.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AYI has been the topic of a number of research analyst reports. Morgan Stanley set a $335.00 price target on Acuity in a research report on Friday, April 4th. Wall Street Zen upgraded Acuity from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price objective on Acuity from $275.00 to $285.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 17th. Finally, Robert W. Baird set a $315.00 price objective on Acuity and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Acuity presently has an average rating of "Moderate Buy" and an average price target of $323.60.

Acuity Stock Performance

AYI stock opened at $286.95 on Thursday. The business's fifty day moving average is $260.21 and its 200-day moving average is $282.93. The company has a quick ratio of 1.36, a current ratio of 1.95 and a debt-to-equity ratio of 0.40. The company has a market cap of $8.87 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.80 and a beta of 1.60. Acuity, Inc. has a twelve month low of $216.81 and a twelve month high of $345.30.

Acuity (NYSE:AYI - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The electronics maker reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.67 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Acuity had a return on equity of 19.73% and a net margin of 10.53%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.38 EPS. Equities research analysts forecast that Acuity, Inc. will post 15.86 EPS for the current year.

Acuity Company Profile

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.