Acuity, Inc. $AYI Stake Lowered by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Acuity, Inc. (NYSE:AYI) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,213 shares of the electronics maker’s stock after selling 104,825 shares during the quarter. Wellington Management Group LLP’s holdings in Acuity were worth $247,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in Acuity during the 4th quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in Acuity during the 4th quarter worth $27,000. Persistent Asset Partners Ltd acquired a new stake in Acuity in the second quarter worth $27,000. Miller Capital Partners Inc. acquired a new stake in Acuity in the fourth quarter worth $27,000. Finally, Danske Bank A S bought a new stake in Acuity in the second quarter valued at $30,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Acuity Stock Performance

AYI stock opened at $335.44 on Monday. The company has a 50-day simple moving average of $342.80 and a 200 day simple moving average of $308.37. The company has a market capitalization of $10.04 billion, a P/E ratio of 22.24, a PEG ratio of 1.81 and a beta of 1.30. 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, Inc. has a fifty-two week low of $257.04 and a fifty-two week high of $380.17.

Acuity (NYSE:AYI) last released its 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. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company earned $5.12 EPS. Acuity’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts predict that Acuity, Inc. will post 18.49 earnings per share for the current fiscal year.

Acuity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 17th were issued a $0.20 dividend. The ex-dividend date was Friday, July 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Acuity’s dividend payout ratio (DPR) is 5.31%.

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.