1,806 Shares in Acuity, Inc. $AYI Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in Acuity, Inc. (NYSE:AYI) in the second quarter, HoldingsChannel.com reports. The fund purchased 1,806 shares of the electronics maker’s stock, valued at approximately $680,000.

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

Acuity Stock Performance

Shares of Acuity stock opened at $349.36 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.24. Acuity, Inc. has a twelve month low of $257.04 and a twelve month high of $380.17. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.87 and a beta of 1.29. The company’s fifty day moving average is $337.87 and its 200 day moving average is $307.33.

Acuity (NYSE:AYI) last released its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.14. The firm had revenue of $1.20 billion for 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%.The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.12 EPS. Sell-side analysts forecast that Acuity, Inc. will post 18.49 EPS for the current year.

Acuity Announces Dividend

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

Analyst Upgrades and Downgrades

AYI has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of Acuity from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. TD Cowen reaffirmed a “buy” rating on shares of Acuity in a research note on Thursday, June 25th. Weiss Ratings upgraded Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. The Goldman Sachs Group boosted their target price on Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, Robert W. Baird increased their target price on shares of Acuity from $315.00 to $390.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.17.

Acuity 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.