Jupiter Topco LLC Purchases New Position in Acuity, Inc. $AYI

Key Points

• Jupiter Topco LLC acquired 12,369 Acuity shares during the second quarter, valued at approximately $4.66 million. Institutional investors collectively own 98.21% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Holds. Acuity has a consensus “Moderate Buy” rating and an average price target of $397.17.
• Acuity reported quarterly earnings of $5.31 per share, exceeding estimates of $5.17, while revenue rose 1.6% year over year to $1.20 billion. The company also declared a quarterly dividend of $0.20 per share.

Jupiter Topco LLC purchased a new stake in shares of Acuity, Inc. (NYSE:AYI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,369 shares of the electronics maker's stock, valued at approximately $4,661,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Acuity during the 2nd quarter valued at approximately $1,121,983,000. Orion Porfolio Solutions LLC increased its position in 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 worth $676,764,000 after purchasing an additional 2,263,925 shares during the last quarter. Durable Capital Partners LP raised its stake in Acuity by 9.1% during the third quarter. Durable Capital Partners LP now owns 1,363,619 shares of the electronics maker's stock valued at $469,617,000 after purchasing an additional 113,720 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Acuity by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 635,160 shares of the electronics maker's stock valued at $177,970,000 after purchasing an additional 47,880 shares in the last quarter. Finally, Boston Partners lifted its position in Acuity by 10.1% during the third quarter. Boston Partners now owns 633,060 shares of the electronics maker's stock valued at $218,071,000 after purchasing an additional 58,085 shares during the last quarter. Institutional investors own 98.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer set a $465.00 price objective on shares of Acuity in a research note on Friday, June 26th. Wall Street Zen raised shares of Acuity from a "hold" rating to a "buy" rating in a report on Sunday. TD Cowen reiterated a "buy" rating on shares of Acuity in a research report on Thursday, June 25th. Weiss Ratings raised Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, June 26th. Finally, Robert W. Baird upped their price objective on Acuity from $315.00 to $390.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Acuity currently has a consensus rating of "Moderate Buy" and an average target price of $397.17.

Acuity Stock Down 0.9%

NYSE AYI opened at $332.26 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. Acuity, Inc. has a 52 week low of $257.04 and a 52 week high of $380.17. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.81 and a beta of 1.30. The company has a fifty day moving average of $343.02 and a two-hundred day moving average of $308.38.

Acuity (NYSE:AYI - Get Free Report) last announced its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.14. The business 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 business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.12 earnings per share. On average, analysts predict that Acuity, Inc. will post 18.49 earnings per share for the current year.

Acuity Dividend Announcement

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

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