GSA Capital Partners LLP Purchases New Shares in Acuity, Inc. $AYI

Key Points

• GSA Capital Partners acquired 3,491 Acuity shares worth approximately $1.315 million during the second quarter. Institutional investors collectively own 98.21% of the company.
• Acuity reported quarterly earnings of $5.31 per share and revenue of $1.20 billion, exceeding analyst estimates; revenue increased 1.6% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $397.17, above the stock’s reported $360.59 opening price.

GSA Capital Partners LLP acquired a new stake in Acuity, Inc. (NYSE:AYI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,491 shares of the electronics maker's stock, valued at approximately $1,315,000.

Several other large investors have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC boosted its position 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 during the period. M&T Bank Corp increased its position in Acuity by 6,496.7% during the fourth quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker's stock worth $249,216,000 after acquiring an additional 681,696 shares during the period. Norges Bank acquired a new stake in Acuity in the 4th quarter worth about $138,747,000. Palestra Capital Management LLC acquired a new stake in Acuity in the 3rd quarter worth about $91,539,000. Finally, Alua Capital Management LP bought a new stake in Acuity in the 1st quarter valued at about $63,377,000. Institutional investors own 98.21% of the company's stock.

Analyst Upgrades and Downgrades

AYI has been the topic of several recent research reports. Oppenheimer set a $465.00 target price on shares of Acuity in a report on Friday, June 26th. Robert W. Baird increased their price target 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 upgraded Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Morgan Stanley lifted 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, TD Cowen reiterated a "buy" rating on shares of Acuity in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $397.17.

Acuity Stock Performance

Acuity stock opened at $360.59 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.24. The stock has a market cap of $10.80 billion, a PE ratio of 23.91, a P/E/G ratio of 1.94 and a beta of 1.30. Acuity, Inc. has a 12-month low of $257.04 and a 12-month high of $380.17. The business's 50-day moving average price is $335.59 and its two-hundred day moving average price is $306.84.

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

Acuity Announces Dividend

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

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