Inscription Capital LLC Makes New $744,000 Investment in Acuity, Inc. $AYI

Inscription Capital LLC purchased a new position in Acuity, Inc. (NYSE:AYI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,159 shares of the electronics maker’s stock, valued at approximately $744,000.

Several other large investors also recently modified their holdings of the company. Financial Consulate Inc. bought a new position in Acuity in the third quarter valued at about $26,000. Hantz Financial Services Inc. increased its position in shares of Acuity by 1,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Acuity in the 3rd quarter worth approximately $33,000. Richardson Financial Services Inc. boosted its holdings in shares of Acuity by 122.2% in the third quarter. Richardson Financial Services Inc. now owns 100 shares of the electronics maker’s stock worth $34,000 after buying an additional 55 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Acuity by 5,200.0% during the third quarter. True Wealth Design LLC now owns 106 shares of the electronics maker’s stock valued at $37,000 after buying an additional 104 shares during the period. Institutional investors own 98.21% of the company’s stock.

Acuity Price Performance

NYSE:AYI opened at $312.10 on Thursday. The stock has a market cap of $9.57 billion, a PE ratio of 24.01, a P/E/G ratio of 1.68 and a beta of 1.50. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $354.76 and its two-hundred day simple moving average is $340.82. Acuity, Inc. has a 52 week low of $216.81 and a 52 week high of $380.17.

Acuity (NYSE:AYI) last issued its earnings results on Thursday, January 8th. The electronics maker reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.24. Acuity had a return on equity of 20.97% and a net margin of 9.04%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $3.97 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts forecast that Acuity, Inc. will post 15.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AYI shares. TD Cowen reiterated a “buy” rating on shares of Acuity in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Acuity in a report on Monday, December 29th. Zacks Research downgraded Acuity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Wells Fargo & Company boosted their price target on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, The Goldman Sachs Group raised their price objective on Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $395.17.

Insider Activity

In other news, SVP Barry R. Goldman sold 4,489 shares of Acuity stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the sale, the senior vice president owned 6,056 shares in the company, valued at $2,211,106.16. This trade represents a 42.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

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.