Gradient Investments LLC Purchases Shares of 7,308 Acuity, Inc. $AYI

Key Points

• Gradient Investments acquired 7,308 Acuity shares worth approximately $2.75 million, while institutional investors collectively own 98.21% of the company.
• Analyst sentiment is positive, with five Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $397.17.
• Acuity beat quarterly expectations with $5.31 in earnings per share and $1.20 billion in revenue, while revenue increased 1.6% year over year. The company also pays a quarterly dividend of $0.20 per share.

Gradient Investments LLC acquired a new position in Acuity, Inc. (NYSE:AYI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,308 shares of the electronics maker's stock, valued at approximately $2,753,000.

A number of other large investors also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in Acuity in the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new position in Acuity during the 4th quarter worth $27,000. Miller Capital Partners Inc. bought a new stake in shares of Acuity in the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Acuity in the 4th quarter worth $36,000. Finally, Quarry LP lifted its position in shares of Acuity by 59.2% during the third quarter. Quarry LP now owns 113 shares of the electronics maker's stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 98.21% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AYI shares. Oppenheimer set a $465.00 price objective on shares of Acuity in a report on Friday, June 26th. The Goldman Sachs Group raised their price target on shares of Acuity from $295.00 to $358.00 and gave the stock a "neutral" rating in a research note on Friday, June 26th. TD Cowen reiterated a "buy" rating on shares of Acuity in a research note on Thursday, June 25th. Morgan Stanley increased their price objective on Acuity from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Acuity from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $397.17.

Acuity Stock Performance

NYSE AYI opened at $360.93 on Monday. Acuity, Inc. has a 1 year low of $257.04 and a 1 year high of $380.17. 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 stock has a market capitalization of $10.81 billion, a PE ratio of 23.93, a P/E/G ratio of 1.95 and a beta of 1.30. The company's 50 day simple moving average is $329.48 and its two-hundred day simple moving average is $304.92.

Acuity (NYSE:AYI - Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.17 by $0.14. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.12 EPS. Analysts predict that Acuity, Inc. will post 18.44 earnings per share for the current fiscal year.

Acuity Dividend Announcement

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

Acuity 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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