7,668 Shares in Acuity, Inc. $AYI Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of Acuity, Inc. (NYSE:AYI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,668 shares of the electronics maker’s stock, valued at approximately $2,149,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Porfolio Solutions LLC boosted its position in shares of Acuity by 50,220.2% in the second quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker’s stock valued at $676,764,000 after acquiring an additional 2,263,925 shares during the period. M&T Bank Corp grew its position in shares of Acuity by 6,496.7% during the 4th quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker’s stock valued at $249,216,000 after purchasing an additional 681,696 shares in the last quarter. Norges Bank bought a new position in shares of Acuity in the fourth quarter worth $138,747,000. Millennium Management LLC raised its position in shares of Acuity by 98.4% in the third quarter. Millennium Management LLC now owns 571,017 shares of the electronics maker’s stock worth $196,653,000 after buying an additional 283,203 shares in the last quarter. Finally, Palestra Capital Management LLC purchased a new position in Acuity during the third quarter worth about $91,539,000. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity Stock Performance

Shares of NYSE AYI opened at $359.35 on Monday. The stock’s 50-day moving average is $305.36 and its 200 day moving average is $307.55. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.96 and a beta of 1.27. Acuity, Inc. has a 1-year low of $257.04 and a 1-year high of $380.17. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Acuity (NYSE:AYI) last issued its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $0.14. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $5.12 earnings per share. On average, sell-side analysts anticipate that Acuity, Inc. will post 18.28 EPS for the current fiscal year.

Acuity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is currently 5.31%.

Insider Buying and Selling at Acuity

In other Acuity news, Director Laura O’shaughnessy purchased 1,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was acquired at an average cost of $282.98 per share, for a total transaction of $282,980.00. Following the completion of the transaction, the director directly owned 3,111 shares in the company, valued at approximately $880,350.78. This represents a 47.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maya Leibman acquired 200 shares of Acuity stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $288.83 per share, for a total transaction of $57,766.00. Following the completion of the purchase, the director directly owned 400 shares of the company’s stock, valued at approximately $115,532. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AYI shares. Robert W. Baird lifted their price target on Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Oppenheimer set a $465.00 target price on shares of Acuity in a research note on Friday, June 26th. TD Cowen reiterated a “buy” rating on shares of Acuity in a research report on Thursday, June 25th. The Goldman Sachs Group increased their price target on shares of Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.17.

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.