Jupiter Topco LLC Acquires Shares of 12,369 Acuity, Inc. $AYI

Jupiter Topco LLC bought a new position in Acuity, Inc. (NYSE:AYI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,369 shares of the electronics maker’s stock, valued at approximately $4,661,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Elyxium Wealth LLC bought a new stake in Acuity during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new stake in Acuity in the 4th quarter valued at about $27,000. Persistent Asset Partners Ltd bought a new position in Acuity in the 2nd quarter worth about $27,000. Miller Capital Partners Inc. bought a new position in Acuity in the 4th quarter worth about $27,000. Finally, Danske Bank A S purchased a new position in shares of Acuity during the second quarter worth approximately $30,000. 98.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AYI shares. Oppenheimer set a $465.00 price target on shares of Acuity in a research note on Friday, June 26th. The Goldman Sachs Group increased their price objective on Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings upgraded Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Morgan Stanley lifted their target price on Acuity from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Acuity in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $397.17.

Acuity Trading Down 0.9%

NYSE:AYI opened at $332.26 on Tuesday. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17. 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 firm has a market cap of $9.95 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.81 and a beta of 1.30. The firm has a 50-day simple moving average of $343.02 and a 200-day simple moving average of $308.38.

Acuity (NYSE:AYI) last released its quarterly earnings data on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.18 billion. During the same period last year, the firm earned $5.12 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Acuity, Inc. will post 18.49 EPS for the current fiscal year.

Acuity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 17th were issued a dividend of $0.20 per share. The ex-dividend date was 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%.

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.