Acuity, Inc. $AYI Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lessened its stake in Acuity, Inc. (NYSE:AYI) by 30.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 194,882 shares of the electronics maker’s stock after selling 85,167 shares during the quarter. Acuity comprises approximately 2.6% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 6th biggest position. Seizert Capital Partners LLC’s holdings in Acuity were worth $58,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AYI. Hantz Financial Services Inc. grew its holdings in Acuity by 1,100.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock valued at $29,000 after buying an additional 88 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Acuity during the 2nd quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Acuity in the second quarter valued at $36,000. Golden State Wealth Management LLC raised its holdings in Acuity by 3,175.0% in the second quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker’s stock valued at $39,000 after acquiring an additional 127 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Acuity by 136.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 296 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Wall Street Analyst Weigh In

AYI has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on shares of Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Wall Street Zen raised shares of Acuity from a “buy” rating to a “strong-buy” rating in a report on Saturday. Wells Fargo & Company upped their price target on shares of Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. The Goldman Sachs Group raised their target price on shares of Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Acuity in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $395.17.

Acuity Stock Performance

AYI stock opened at $346.21 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Acuity, Inc. has a 12-month low of $216.81 and a 12-month high of $375.67. The stock’s 50 day simple moving average is $353.18 and its 200 day simple moving average is $314.58. The firm has a market cap of $10.60 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.94 and a beta of 1.62.

Acuity (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 1st. The electronics maker reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $0.36. Acuity had a net margin of 9.13% and a return on equity of 20.81%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $4.30 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. As a group, equities research analysts predict that Acuity, Inc. will post 15.86 EPS for the current year.

Acuity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s payout ratio is 5.43%.

Insider Transactions at Acuity

In related news, SVP Barry R. Goldman sold 4,489 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total value of $1,638,978.79. Following the completion of the transaction, the senior vice president owned 6,056 shares of the company’s stock, valued at approximately $2,211,106.16. This trade represents a 42.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

About Acuity

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.