Landscape Capital Management L.L.C. Takes $1.48 Million Position in Acuity, Inc. $AYI

Key Points

• Landscape Capital Management acquired 3,926 Acuity shares worth approximately $1.48 million in the second quarter. Institutional investors collectively own 98.21% of the company.
• Acuity exceeded quarterly expectations, reporting $5.31 in earnings per share on $1.20 billion in revenue, with revenue up 1.6% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $397.17, above the stock’s reported $343.66 price; Acuity also declared a quarterly dividend of $0.20 per share.

Landscape Capital Management L.L.C. acquired a new stake 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 & Exchange Commission. The firm acquired 3,926 shares of the electronics maker's stock, valued at approximately $1,479,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Acuity in the fourth quarter worth approximately $25,000. Persistent Asset Partners Ltd acquired a new position in shares of Acuity during the 2nd quarter valued at $27,000. Miller Capital Partners Inc. acquired a new position in shares of Acuity during the 4th quarter valued at $27,000. Entrust Financial LLC bought a new stake in shares of Acuity in the 4th quarter worth $27,000. Finally, Danske Bank A S bought a new stake in shares of Acuity in the 2nd quarter worth $30,000. Institutional investors own 98.21% of the company's stock.

Acuity Price Performance

NYSE AYI opened at $343.66 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. 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 PEG ratio of 1.86 and a beta of 1.29. The stock's 50-day moving average price is $339.88 and its two-hundred day moving average price is $307.82.

Acuity (NYSE:AYI - Get Free Report) last announced its earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping the consensus estimate of $5.17 by $0.14. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $5.12 earnings per share. On average, analysts predict that Acuity, Inc. will post 18.49 EPS for the current year.

Acuity Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, July 17th. Acuity's dividend payout ratio is 5.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AYI. Morgan Stanley upped 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. Oppenheimer set a $465.00 target price on Acuity in a report on Friday, June 26th. Weiss Ratings upgraded shares of Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, June 26th. Robert W. Baird upped their price target on shares of Acuity from $315.00 to $390.00 and gave the company a "neutral" rating in a report on Friday, June 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Acuity from $295.00 to $358.00 and gave the company a "neutral" rating in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $397.17.

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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