Acuity, Inc. $AYI Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its stake in shares of Acuity, Inc. (NYSE:AYI) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 99,560 shares of the electronics maker’s stock after acquiring an additional 6,452 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Acuity were worth $34,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of Acuity in the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. increased its position in Acuity by 1,100.0% during the second quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock worth $29,000 after buying an additional 88 shares during the last quarter. True Wealth Design LLC lifted its holdings in Acuity by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 106 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 104 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Acuity during the 2nd quarter worth $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Acuity in the second quarter worth about $36,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Acuity

In other news, SVP Barry R. Goldman sold 4,687 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $368.01, for a total transaction of $1,724,862.87. Following the completion of the transaction, the senior vice president directly owned 10,545 shares in the company, valued at $3,880,665.45. This represents a 30.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AYI. Wells Fargo & Company raised their price target on shares of Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Robert W. Baird set a $375.00 target price on shares of Acuity in a research report on Friday, January 9th. William Blair restated an “outperform” rating on shares of Acuity in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Acuity in a research note on Monday, December 29th. Finally, Oppenheimer raised their price target on Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $395.17.

Acuity Stock Performance

Shares of AYI opened at $320.53 on Friday. The firm’s 50 day moving average price is $357.59 and its two-hundred day moving average price is $340.40. The firm has a market cap of $9.83 billion, a P/E ratio of 24.66, a PEG ratio of 1.72 and a beta of 1.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 2.07. Acuity, Inc. has a twelve month low of $216.81 and a twelve month high of $380.17.

Acuity (NYSE:AYI) last released 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $3.97 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts forecast that Acuity, Inc. will post 15.86 EPS for the current fiscal year.

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.