NewEdge Wealth LLC Acquires 2,296 Shares of Acuity, Inc. $AYI

NewEdge Wealth LLC lifted its holdings in Acuity, Inc. (NYSE:AYI) by 50.1% during the 1st quarter, HoldingsChannel reports. The fund owned 6,880 shares of the electronics maker’s stock after acquiring an additional 2,296 shares during the quarter. NewEdge Wealth LLC’s holdings in Acuity were worth $1,928,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AYI. Elyxium Wealth LLC acquired a new position in shares of Acuity during the 4th quarter worth approximately $25,000. Entrust Financial LLC acquired a new stake in shares of Acuity in the fourth quarter valued at approximately $27,000. Miller Capital Partners Inc. bought a new stake in shares of Acuity in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Acuity during the fourth quarter worth approximately $36,000. Finally, Torren Management LLC bought a new position in Acuity during the 4th quarter worth $39,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Analyst Ratings Changes

AYI has been the subject of several analyst reports. Weiss Ratings raised Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. TD Cowen restated a “buy” rating on shares of Acuity in a research report on Thursday, June 25th. Wall Street Zen raised Acuity from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Robert W. Baird upped their price objective on shares of Acuity from $315.00 to $390.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group increased their price objective on shares of Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $397.17.

Acuity Trading Up 1.0%

Shares of AYI stock opened at $330.36 on Friday. Acuity, Inc. has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. The stock’s fifty day moving average price is $318.47 and its two-hundred day moving average price is $304.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05. The company has a market cap of $9.89 billion, a PE ratio of 21.91, a P/E/G ratio of 1.79 and a beta of 1.27.

Acuity (NYSE:AYI) last announced its quarterly earnings data on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company earned $5.12 EPS. Acuity’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts predict that Acuity, Inc. will post 18.44 EPS for the current fiscal year.

Acuity Announces Dividend

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

Insider Activity

In related news, Director Maya Leibman acquired 200 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 400 shares in the company, valued at $115,532. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.