Elevation Point Wealth Partners LLC Takes Position in Acuity, Inc. $AYI

Elevation Point Wealth Partners LLC acquired a new stake in Acuity, Inc. (NYSE:AYI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,230 shares of the electronics maker’s stock, valued at approximately $2,723,000.

Other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its position in Acuity by 1.8% in the 2nd quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC increased its position in shares of Acuity by 1.6% during the third quarter. Quadrant Capital Group LLC now owns 2,488 shares of the electronics maker’s stock worth $857,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Acuity by 0.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 6,805 shares of the electronics maker’s stock valued at $2,450,000 after acquiring an additional 41 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Acuity by 1.8% in the first quarter. Parallel Advisors LLC now owns 2,338 shares of the electronics maker’s stock valued at $655,000 after purchasing an additional 41 shares during the period. Finally, Quarry LP boosted its holdings in Acuity by 59.2% in the third quarter. Quarry LP now owns 113 shares of the electronics maker’s stock valued at $39,000 after purchasing an additional 42 shares during the period. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity Price Performance

Shares of NYSE:AYI opened at $343.66 on Monday. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.86 and a beta of 1.30. The company has a 50-day simple moving average of $339.88 and a 200-day simple moving average of $307.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05.

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

Acuity Dividend Announcement

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

Analyst Ratings Changes

AYI has been the topic of several analyst reports. Oppenheimer set a $465.00 target price on shares of Acuity in a report on Friday, June 26th. Robert W. Baird increased their target price on Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Weiss Ratings upgraded Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Morgan Stanley lifted their price target on Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen cut Acuity from a “buy” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.17.

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.