Mitsubishi UFJ Trust & Banking Corp Has $3.67 Million Stake in Acuity, Inc. $AYI

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Acuity, Inc. (NYSE:AYI) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,196 shares of the electronics maker’s stock after selling 2,550 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Acuity were worth $3,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its stake in Acuity by 98.4% in the 3rd quarter. Millennium Management LLC now owns 571,017 shares of the electronics maker’s stock worth $196,653,000 after purchasing an additional 283,203 shares in the last quarter. Vest Financial LLC raised its stake in Acuity by 121.3% in the 3rd quarter. Vest Financial LLC now owns 9,312 shares of the electronics maker’s stock worth $3,207,000 after purchasing an additional 5,105 shares in the last quarter. ASR Vermogensbeheer N.V. raised its stake in Acuity by 6.9% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 99,560 shares of the electronics maker’s stock worth $34,287,000 after purchasing an additional 6,452 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Acuity by 9.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 96,784 shares of the electronics maker’s stock worth $33,332,000 after purchasing an additional 7,973 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Acuity by 7.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 215,809 shares of the electronics maker’s stock worth $74,322,000 after purchasing an additional 15,611 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AYI. The Goldman Sachs Group dropped their price objective on shares of Acuity from $342.00 to $295.00 and set a “neutral” rating for the company in a research note on Monday, April 6th. Robert W. Baird dropped their price objective on shares of Acuity from $320.00 to $315.00 and set a “neutral” rating for the company in a research note on Monday, April 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Acuity in a research note on Friday, March 27th. Wells Fargo & Company dropped their target price on shares of Acuity from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, April 12th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $369.17.

Acuity Price Performance

Shares of NYSE:AYI opened at $289.55 on Monday. The firm has a 50 day moving average of $281.53 and a 200-day moving average of $324.39. The stock has a market capitalization of $8.78 billion, a PE ratio of 21.23, a PEG ratio of 1.60 and a beta of 1.32. 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, Inc. has a 12 month low of $242.56 and a 12 month high of $380.17.

Acuity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were given a $0.20 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. Acuity’s payout ratio is presently 5.87%.

Insider Activity at Acuity

In other news, Director Laura O’shaughnessy bought 1,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of $282.98 per share, for a total transaction of $282,980.00. Following the transaction, the director owned 3,111 shares of the company’s stock, valued at $880,350.78. This represents a 47.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.90% of the company’s stock.

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.