Wealth Enhancement Advisory Services LLC Decreases Stake in Acuity, Inc. $AYI

Key Points

• Wealth Enhancement Advisory Services LLC has reduced its stake in Acuity, Inc. by 31.7%, holding 4,889 shares worth approximately $1.49 million after selling 2,272 shares in the second quarter.
• In contrast, GAMMA Investing LLC significantly increased its position in Acuity, lifting it by 29,415.7% and owning 227,271 shares worth around $59.85 million.
• A number of analysts have recently updated their price targets for Acuity, with Robert W. Baird and Morgan Stanley raising their targets to $360 and $365, respectively, influencing a generally positive outlook for the stock.

Wealth Enhancement Advisory Services LLC lowered its position in Acuity, Inc. (NYSE:AYI - Free Report) by 31.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,889 shares of the electronics maker's stock after selling 2,272 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Acuity were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AYI. GAMMA Investing LLC lifted its stake in Acuity by 29,415.7% in the first quarter. GAMMA Investing LLC now owns 227,271 shares of the electronics maker's stock worth $59,852,000 after acquiring an additional 226,501 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Acuity by 82.7% during the 1st quarter. Merit Financial Group LLC now owns 1,451 shares of the electronics maker's stock worth $382,000 after buying an additional 657 shares during the last quarter. Matrix Trust Co lifted its position in shares of Acuity by 69.4% during the 1st quarter. Matrix Trust Co now owns 520 shares of the electronics maker's stock worth $137,000 after buying an additional 213 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Acuity by 3.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 1,526 shares of the electronics maker's stock worth $402,000 after buying an additional 47 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Acuity by 45.3% during the 1st quarter. UMB Bank n.a. now owns 250 shares of the electronics maker's stock worth $66,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company's stock.

Acuity Stock Performance

Shares of AYI opened at $337.92 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.38 and a current ratio of 1.99. The stock has a market capitalization of $10.36 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.89 and a beta of 1.65. The company's fifty day moving average is $324.28 and its two-hundred day moving average is $286.21. Acuity, Inc. has a 1 year low of $216.81 and a 1 year high of $349.00.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Acuity from $335.00 to $360.00 and gave the stock a "neutral" rating in a research report on Thursday, September 25th. Morgan Stanley boosted their price objective on shares of Acuity from $335.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Acuity from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company upgraded shares of Acuity from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $320.00 to $380.00 in a research report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $357.60.

Acuity 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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