Sei Investments Co. Has $26.32 Million Stake in Acuity, Inc. $AYI

Sei Investments Co. grew its holdings in Acuity, Inc. (NYSE:AYI) by 25.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,935 shares of the electronics maker’s stock after acquiring an additional 19,123 shares during the quarter. Sei Investments Co.’s holdings in Acuity were worth $26,321,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Acuity by 50,220.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker’s stock valued at $676,764,000 after purchasing an additional 2,263,925 shares in the last quarter. M&T Bank Corp increased its stake in Acuity by 6,496.7% during the 4th quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker’s stock worth $249,216,000 after purchasing an additional 681,696 shares in the last quarter. Norges Bank acquired a new stake in Acuity during the 4th quarter worth approximately $138,747,000. Palestra Capital Management LLC acquired a new stake in Acuity during the 3rd quarter worth approximately $91,539,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in Acuity in the fourth quarter valued at approximately $78,249,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Morgan Stanley raised their price objective on shares of Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. The Goldman Sachs Group upped their target price on shares of Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Finally, TD Cowen reiterated a “buy” rating on shares of Acuity in a report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and a consensus target price of $397.17.

Acuity Price Performance

NYSE:AYI opened at $343.91 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05. The stock’s 50-day simple moving average is $320.98 and its 200 day simple moving average is $303.59. The company has a market cap of $10.30 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.82 and a beta of 1.27. Acuity, Inc. has a 52-week low of $257.04 and a 52-week high of $380.17.

Acuity (NYSE:AYI) last issued its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating the consensus estimate of $5.17 by $0.14. The firm 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 business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.12 earnings per share. As a group, sell-side analysts forecast that Acuity, Inc. will post 18.44 EPS for the current fiscal year.

Acuity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders 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 dividend yield of 0.2%. Acuity’s dividend payout ratio is currently 5.31%.

Insider Activity

In related news, Director Maya Leibman acquired 200 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $288.83 per share, with a total value of $57,766.00. Following the acquisition, the director owned 400 shares in the company, valued at $115,532. This represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

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.