Acuity, Inc. $AYI Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its holdings in Acuity, Inc. (NYSE:AYI) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 374 shares of the electronics maker’s stock after selling 55 shares during the period. Signaturefd LLC’s holdings in Acuity were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Acuity by 23.4% in the second quarter. Public Employees Retirement System of Ohio now owns 29,685 shares of the electronics maker’s stock valued at $8,856,000 after purchasing an additional 5,637 shares during the last quarter. Matrix Trust Co raised its position in shares of Acuity by 8.7% during the 2nd quarter. Matrix Trust Co now owns 565 shares of the electronics maker’s stock worth $169,000 after purchasing an additional 45 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Acuity by 585.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 740 shares of the electronics maker’s stock valued at $221,000 after buying an additional 632 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Acuity by 10.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 38,434 shares of the electronics maker’s stock valued at $11,466,000 after buying an additional 3,593 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Acuity by 31.2% during the second quarter. UMB Bank n.a. now owns 328 shares of the electronics maker’s stock worth $98,000 after buying an additional 78 shares in the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Acuity Trading Down 0.9%

Shares of AYI opened at $353.00 on Friday. Acuity, Inc. has a 12 month low of $216.81 and a 12 month high of $375.67. The stock’s 50-day moving average is $328.66 and its two-hundred day moving average is $288.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.38. The stock has a market cap of $10.82 billion, a PE ratio of 28.17, a P/E/G ratio of 1.96 and a beta of 1.64.

Acuity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.68 annualized dividend and a yield of 0.2%. Acuity’s dividend payout ratio (DPR) is 5.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AYI shares. Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Acuity in a research note on Saturday, September 27th. Wells Fargo & Company boosted their price objective on shares of Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen reaffirmed a “buy” rating on shares of Acuity in a research note on Thursday. Finally, TD Cowen boosted their price target on Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $395.17.

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.