Acuity, Inc. $AYI Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its position in shares of Acuity, Inc. (NYSE:AYI) by 94.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,351 shares of the electronics maker’s stock after selling 24,685 shares during the period. Curated Wealth Partners LLC’s holdings in Acuity were worth $419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new stake in Acuity during the second quarter worth approximately $27,000. Transamerica Financial Advisors LLC acquired a new position in Acuity in the second quarter valued at approximately $30,000. Danske Bank A S acquired a new position in Acuity in the second quarter valued at approximately $30,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Acuity in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC lifted its stake in Acuity by 110.2% in the second quarter. Elevation Wealth Partners LLC now owns 103 shares of the electronics maker’s stock valued at $39,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AYI shares. Oppenheimer decreased their price target on shares of Acuity from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Acuity in a research report on Tuesday, September 22nd. Robert W. Baird reduced their target price on Acuity from $360.00 to $348.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Wall Street Zen downgraded Acuity from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, The Goldman Sachs Group boosted their target price on Acuity from $295.00 to $358.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Acuity presently has an average rating of “Hold” and a consensus price target of $380.20.

Acuity Trading Up 0.5%

Shares of Acuity stock opened at $303.34 on Friday. The firm has a market cap of $9.08 billion, a PE ratio of 16.15, a P/E/G ratio of 1.51 and a beta of 1.30. Acuity, Inc. has a 1 year low of $257.04 and a 1 year high of $380.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.70 and a quick ratio of 1.28. The stock has a fifty day moving average price of $321.81 and a 200-day moving average price of $313.62.

Acuity (NYSE:AYI) last released its earnings results on Thursday, October 1st. The electronics maker reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.57 by $0.20. Acuity had a net margin of 11.45% and a return on equity of 20.30%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $5.20 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Acuity, Inc. will post 19.99 EPS for the current year.

Acuity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $0.80 annualized dividend and a yield of 0.3%. Acuity’s dividend payout ratio (DPR) is currently 4.68%.

Insider Transactions at Acuity

In other Acuity news, CFO Karen Holcom sold 2,000 shares of Acuity stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $329.62, for a total transaction of $659,240.00. Following the completion of the sale, the chief financial officer directly owned 17,447 shares in the company, valued at $5,750,880.14. The trade was a 10.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.90% of the company’s stock.

About Acuity

Acuity (NYSE: AYI) is a technology company that provides lighting, lighting controls and building-management solutions for commercial, institutional, industrial and residential environments. Its products are designed to improve illumination, energy efficiency, automation and the overall performance of indoor and outdoor spaces.

The company offers a broad portfolio of lighting fixtures, controls, sensors and connected-building technologies. Its brands and product lines have included Lithonia Lighting, Holophane, Peerless, SensorSwitch, Distech Controls and Atrius.