Acuity, Inc. (NYSE:AYI) Receives $369.17 Consensus PT from Analysts

Shares of Acuity, Inc. (NYSE:AYI) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $369.1667.

Several equities research analysts recently issued reports on AYI shares. Wells Fargo & Company lowered their price objective on Acuity from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Robert W. Baird lowered their price objective on Acuity from $320.00 to $315.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Wall Street Zen cut Acuity from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings cut Acuity from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group lowered their price objective on Acuity from $342.00 to $295.00 and set a “neutral” rating on the stock in a report on Monday, April 6th.

Insider Buying and Selling

In other Acuity news, Director Laura O’shaughnessy bought 1,000 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were acquired at an average cost of $282.98 per share, with a total value of $282,980.00. Following the purchase, the director directly owned 3,111 shares of the company’s stock, valued at $880,350.78. This trade represents a 47.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maya Leibman bought 200 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $288.83 per share, for a total transaction of $57,766.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at approximately $115,532. This represents a 100.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in Acuity by 104.4% in the 1st quarter. Empowered Funds LLC now owns 3,240 shares of the electronics maker’s stock worth $908,000 after purchasing an additional 1,655 shares in the last quarter. Parallel Advisors LLC lifted its stake in Acuity by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 2,338 shares of the electronics maker’s stock worth $655,000 after purchasing an additional 41 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Acuity by 12.6% in the 1st quarter. Glenmede Trust Co. NA now owns 984 shares of the electronics maker’s stock worth $276,000 after purchasing an additional 110 shares in the last quarter. Bank of America Corp DE raised its position in shares of Acuity by 58.8% during the 1st quarter. Bank of America Corp DE now owns 283,456 shares of the electronics maker’s stock valued at $79,430,000 after buying an additional 104,990 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Acuity in the first quarter valued at approximately $2,277,000. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity Trading Down 0.2%

AYI stock opened at $305.59 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. Acuity has a 12-month low of $257.04 and a 12-month high of $380.17. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.70 and a beta of 1.31. The business’s 50-day moving average is $291.35 and its 200 day moving average is $309.73.

Acuity (NYSE:AYI) last posted its quarterly earnings data on Thursday, April 2nd. The electronics maker reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.03. Acuity had a return on equity of 20.74% and a net margin of 9.37%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $2.45 EPS. Acuity’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Acuity will post 18.06 EPS for the current fiscal year.

Acuity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, April 17th. Acuity’s dividend payout ratio (DPR) is 5.87%.

Acuity Company 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.