3,497 Shares in Acuity, Inc. $AYI Bought by Havemeyer Place LP

Havemeyer Place LP bought a new stake in Acuity, Inc. (NYSE:AYI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,497 shares of the electronics maker’s stock, valued at approximately $1,259,000.

Several other hedge funds have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Acuity during the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new position in Acuity during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Acuity during the fourth quarter worth about $36,000. Torren Management LLC purchased a new position in Acuity during the fourth quarter worth about $39,000. Finally, Quarry LP grew its position in Acuity by 59.2% during the third quarter. Quarry LP now owns 113 shares of the electronics maker’s stock worth $39,000 after buying an additional 42 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Acuity Trading Up 0.1%

AYI opened at $302.44 on Monday. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.67 and a beta of 1.31. The business has a 50 day simple moving average of $287.36 and a two-hundred day simple moving average of $312.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 1.36.

Acuity (NYSE:AYI) last announced its earnings results 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. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. Acuity had a return on equity of 20.74% and a net margin of 9.37%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 EPS. Analysts predict that Acuity, Inc. will post 18.06 EPS for the current year.

Acuity Announces Dividend

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

Insiders Place Their Bets

In related news, Director Maya Leibman bought 200 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $288.83 per share, with a total value of $57,766.00. Following the acquisition, the director owned 400 shares in the company, valued at $115,532. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura O’shaughnessy purchased 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, for a total transaction of $282,980.00. Following the completion of the acquisition, the director owned 3,111 shares of the company’s stock, valued at approximately $880,350.78. This trade represents a 47.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is currently owned by company insiders.

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.