Seizert Capital Partners LLC Sells 6,267 Shares of Acuity, Inc. $AYI

Seizert Capital Partners LLC cut its position in shares of Acuity, Inc. (NYSE:AYI) by 3.2% in the third quarter, Holdings Channel reports. The institutional investor owned 188,615 shares of the electronics maker’s stock after selling 6,267 shares during the period. Acuity comprises 2.8% of Seizert Capital Partners LLC’s portfolio, making the stock its 6th biggest holding. Seizert Capital Partners LLC’s holdings in Acuity were worth $64,957,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Inscription Capital LLC bought a new stake in shares of Acuity in the third quarter worth $744,000. Root Financial Partners LLC bought a new position in shares of Acuity in the 3rd quarter valued at about $33,000. Parsons Capital Management Inc. RI acquired a new stake in shares of Acuity in the third quarter valued at about $228,000. NorthCrest Asset Manangement LLC raised its holdings in Acuity by 25.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 7,027 shares of the electronics maker’s stock worth $2,438,000 after acquiring an additional 1,409 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Acuity by 28.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,277 shares of the electronics maker’s stock valued at $2,177,000 after purchasing an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AYI. TD Cowen upped their price target on shares of Acuity from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Zacks Research downgraded shares of Acuity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wells Fargo & Company upped their price objective on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of Acuity in a report on Thursday, October 2nd. Finally, Morgan Stanley cut their price target on Acuity from $425.00 to $410.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity Price Performance

AYI stock opened at $321.32 on Tuesday. The company’s 50-day moving average price is $356.73 and its two-hundred day moving average price is $341.00. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.29. Acuity, Inc. has a 12 month low of $216.81 and a 12 month high of $380.17. The firm has a market cap of $9.85 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.72 and a beta of 1.50.

Acuity (NYSE:AYI) last issued its quarterly 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 analyst estimates of $1.14 billion. During the same quarter last year, the company posted $3.97 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, analysts anticipate that Acuity, Inc. will post 15.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Acuity

In other news, SVP Barry R. Goldman sold 4,489 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total value of $1,638,978.79. Following the sale, the senior vice president directly owned 6,056 shares in the company, valued at approximately $2,211,106.16. This trade represents a 42.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

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.