2,047 Shares in Acuity, Inc. $AYI Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Acuity, Inc. (NYSE:AYI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,047 shares of the electronics maker’s stock, valued at approximately $771,000.

A number of other hedge funds also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in shares of Acuity by 8,338.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,097 shares of the electronics maker’s stock worth $289,000 after buying an additional 1,084 shares during the period. Goldman Sachs Group Inc. grew its position in Acuity by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 76,543 shares of the electronics maker’s stock valued at $20,158,000 after acquiring an additional 11,144 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Acuity by 372.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 208 shares of the electronics maker’s stock valued at $62,000 after acquiring an additional 164 shares during the period. Brown Advisory Inc. increased its stake in Acuity by 1.8% during the second quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock worth $637,000 after acquiring an additional 37 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Acuity during the second quarter worth about $762,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AYI. Oppenheimer set a $465.00 price objective on Acuity in a research note on Friday, June 26th. Weiss Ratings raised shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Wall Street Zen lowered shares of Acuity from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Morgan Stanley raised their price target on shares of Acuity from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Acuity in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.17.

Acuity Stock Down 1.8%

Shares of NYSE AYI opened at $335.44 on Friday. The stock has a fifty day moving average price of $342.80 and a 200 day moving average price of $308.53. 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 12-month low of $257.04 and a 12-month high of $380.17. The company has a market cap of $10.04 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.85 and a beta of 1.29.

Acuity (NYSE:AYI) last issued its quarterly earnings data on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the firm posted $5.12 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Acuity, Inc. will post 18.49 EPS for the current fiscal year.

Acuity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, July 17th. Acuity’s dividend payout ratio is currently 5.31%.

About Acuity

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.