Robert W. Baird Has Lowered Expectations for Acuity (NYSE:AYI) Stock Price

Acuity (NYSE:AYI) had its price target lowered by stock analysts at Robert W. Baird from $320.00 to $315.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the electronics maker’s stock. Robert W. Baird’s target price indicates a potential upside of 16.66% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Acuity from a “buy” rating to a “hold” rating in a report on Saturday. William Blair reissued an “outperform” rating on shares of Acuity in a report on Tuesday, December 30th. Morgan Stanley dropped their target price on Acuity from $425.00 to $410.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Acuity in a report on Friday, March 27th. Finally, Wells Fargo & Company dropped their target price on Acuity from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.17.

Acuity Trading Up 0.7%

Acuity stock opened at $270.01 on Monday. The business has a 50 day moving average price of $291.52 and a two-hundred day moving average price of $331.86. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42. Acuity has a 12 month low of $216.81 and a 12 month high of $380.17.

Acuity (NYSE:AYI) last posted its quarterly earnings results on Thursday, January 8th. The electronics maker reported $4.69 EPS for the quarter, beating the consensus estimate of $4.45 by $0.24. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Acuity had a return on equity of 20.74% and a net margin of 9.37%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.97 EPS. As a group, equities analysts forecast that Acuity will post 15.86 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Karen J. Holcom sold 4,974 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $309.23, for a total transaction of $1,538,110.02. Following the completion of the sale, the chief financial officer directly owned 21,523 shares of the company’s stock, valued at $6,655,557.29. This trade represents a 18.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Acuity

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors acquired a new stake in Acuity during the 4th quarter valued at $358,000. Corient Private Wealth LLC increased its holdings in Acuity by 25.4% during the 4th quarter. Corient Private Wealth LLC now owns 15,215 shares of the electronics maker’s stock valued at $5,479,000 after purchasing an additional 3,082 shares in the last quarter. AG Campbell Advisory LLC acquired a new stake in Acuity during the 4th quarter valued at $799,000. Rehmann Capital Advisory Group increased its holdings in Acuity by 3.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 4,752 shares of the electronics maker’s stock valued at $1,714,000 after purchasing an additional 177 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in Acuity during the 4th quarter valued at $283,000. 98.21% of the stock is owned by institutional investors and hedge funds.

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.