4,257 Shares in Acuity, Inc. $AYI Bought by Regents Gate Capital LLP

Regents Gate Capital LLP bought a new stake in Acuity, Inc. (NYSE:AYI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,257 shares of the electronics maker’s stock, valued at approximately $1,193,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AYI. Elyxium Wealth LLC purchased a new stake in Acuity during the 4th quarter worth about $25,000. Miller Capital Partners Inc. acquired a new position in shares of Acuity during the 4th quarter worth about $27,000. Entrust Financial LLC purchased a new position in shares of Acuity in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Acuity in the 4th quarter valued at about $36,000. Finally, Torren Management LLC acquired a new stake in shares of Acuity during the 4th quarter worth about $39,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Acuity Trading Down 2.0%

NYSE:AYI opened at $333.45 on Friday. The company has a market capitalization of $9.98 billion, a PE ratio of 22.11, a P/E/G ratio of 1.83 and a beta of 1.27. Acuity, Inc. has a 52-week low of $257.04 and a 52-week high of $380.17. The stock’s 50 day moving average price is $314.25 and its 200 day moving average price is $305.85. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.24.

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

Acuity Dividend Announcement

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

Insider Transactions at Acuity

In other Acuity news, Director Maya Leibman acquired 200 shares of the stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $288.83 per share, with a total value of $57,766.00. Following the transaction, the director owned 400 shares of the company’s stock, valued at approximately $115,532. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

AYI has been the subject of several recent analyst reports. Wall Street Zen upgraded Acuity from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Weiss Ratings upgraded shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Oppenheimer set a $465.00 price objective on shares of Acuity in a report on Friday, June 26th. The Goldman Sachs Group boosted their price objective on shares of Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Robert W. Baird upped their target price on shares of Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Acuity presently 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.