Man Group plc purchased a new position in Acuity, Inc. (NYSE:AYI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,329 shares of the electronics maker's stock, valued at approximately $17,827,000. Man Group plc owned about 0.16% of Acuity at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AYI. Elyxium Wealth LLC acquired a new position in shares of Acuity in the fourth quarter valued at about $25,000. Persistent Asset Partners Ltd acquired a new stake in shares of Acuity during the second quarter worth about $27,000. Miller Capital Partners Inc. purchased a new stake in Acuity in the fourth quarter valued at approximately $27,000. Entrust Financial LLC purchased a new stake in Acuity in the fourth quarter valued at approximately $27,000. Finally, Danske Bank A S acquired a new position in Acuity in the 2nd quarter worth approximately $30,000. 98.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AYI shares. Weiss Ratings upgraded shares of Acuity from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, June 26th. The Goldman Sachs Group increased their price target on Acuity from $295.00 to $358.00 and gave the stock a "neutral" rating in a research report on Friday, June 26th. Wall Street Zen lowered Acuity from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Oppenheimer set a $465.00 price objective on Acuity in a report on Friday, June 26th. Finally, TD Cowen restated a "buy" rating on shares of Acuity in a research note on Thursday, June 25th. Five 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, Acuity has an average rating of "Moderate Buy" and a consensus target price of $397.17.
View Our Latest Stock Analysis on AYI
Acuity Trading Up 0.3%
AYI stock opened at $342.25 on Friday. Acuity, Inc. has a 52-week low of $257.04 and a 52-week high of $380.17. 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 firm has a market cap of $10.25 billion, a P/E ratio of 22.70, a PEG ratio of 1.85 and a beta of 1.29. The company's 50-day simple moving average is $342.44 and its 200-day simple moving average is $308.34.
Acuity (NYSE:AYI - Get Free Report) last announced its quarterly 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Acuity had a return on equity of 20.26% and a net margin of 10.25%.Acuity's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.12 EPS. As a group, equities analysts forecast that Acuity, Inc. will post 18.49 EPS for the current fiscal year.
Acuity Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, July 17th. Acuity's dividend payout ratio is presently 5.31%.
Acuity Company Profile
(
Free Report)
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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