Robeco Institutional Asset Management B.V. Sells 77,324 Shares of Acuity, Inc. $AYI

Robeco Institutional Asset Management B.V. lowered its stake in Acuity, Inc. (NYSE:AYI - Free Report) by 41.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,697 shares of the electronics maker's stock after selling 77,324 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.35% of Acuity worth $32,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AYI. Cullen Frost Bankers Inc. raised its stake in Acuity by 525.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. raised its stake in Acuity by 45.3% during the 1st quarter. UMB Bank n.a. now owns 250 shares of the electronics maker's stock valued at $66,000 after purchasing an additional 78 shares during the period. Reyes Financial Architecture Inc. raised its stake in Acuity by 31.7% during the 1st quarter. Reyes Financial Architecture Inc. now owns 320 shares of the electronics maker's stock valued at $84,000 after purchasing an additional 77 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Acuity by 1,789.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 359 shares of the electronics maker's stock valued at $95,000 after purchasing an additional 340 shares during the period. Finally, Signaturefd LLC raised its stake in Acuity by 15.0% during the 1st quarter. Signaturefd LLC now owns 429 shares of the electronics maker's stock valued at $113,000 after purchasing an additional 56 shares during the period. Institutional investors own 98.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AYI. Wall Street Zen raised Acuity from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wells Fargo & Company lifted their target price on Acuity from $380.00 to $405.00 and gave the company an "overweight" rating in a research note on Thursday. Robert W. Baird raised their price target on Acuity from $335.00 to $360.00 and gave the company a "neutral" rating in a report on Thursday, September 25th. The Goldman Sachs Group raised their price target on Acuity from $312.00 to $356.00 and gave the company a "neutral" rating in a report on Thursday. Finally, TD Cowen raised their price target on Acuity from $330.00 to $390.00 and gave the company a "buy" rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Acuity presently has an average rating of "Moderate Buy" and a consensus price target of $395.17.

Acuity Price Performance

Shares of Acuity stock opened at $353.00 on Friday. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.98 and a beta of 1.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.38 and a current ratio of 1.95. The stock has a 50 day moving average price of $328.66 and a 200-day moving average price of $288.37. Acuity, Inc. has a one year low of $216.81 and a one year high of $375.67.

Acuity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be issued a $0.17 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Acuity's payout ratio is 5.43%.

Acuity Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

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