State of Alaska Department of Revenue Reduces Position in Acuity, Inc. $AYI

State of Alaska Department of Revenue lowered its stake in shares of Acuity, Inc. (NYSE:AYI) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,442 shares of the electronics maker’s stock after selling 150 shares during the quarter. State of Alaska Department of Revenue’s holdings in Acuity were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Merit Financial Group LLC grew its stake in shares of Acuity by 82.7% in the 1st quarter. Merit Financial Group LLC now owns 1,451 shares of the electronics maker’s stock worth $382,000 after buying an additional 657 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in Acuity by 3.2% in the first quarter. Gateway Investment Advisers LLC now owns 1,526 shares of the electronics maker’s stock worth $402,000 after acquiring an additional 47 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Acuity by 45.3% in the first quarter. UMB Bank n.a. now owns 250 shares of the electronics maker’s stock worth $66,000 after acquiring an additional 78 shares during the last quarter. Yarbrough Capital LLC bought a new position in shares of Acuity during the first quarter valued at $357,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Acuity by 36.4% during the first quarter. Park Avenue Securities LLC now owns 5,659 shares of the electronics maker’s stock valued at $1,490,000 after acquiring an additional 1,509 shares in the last quarter. 98.21% of the stock is owned by institutional investors.

Acuity Stock Performance

NYSE:AYI opened at $353.00 on Monday. The firm has a market capitalization of $10.82 billion, a PE ratio of 28.17, a PEG ratio of 1.91 and a beta of 1.64. The stock’s fifty day moving average is $328.66 and its 200 day moving average is $288.66. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.95.

Acuity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, October 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. Acuity’s dividend payout ratio is currently 5.43%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Cowen restated a “buy” rating on shares of Acuity in a report on Thursday. TD Cowen lifted their target price on Acuity from $330.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird boosted their price target on Acuity from $335.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company lifted their price objective on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Acuity has a consensus rating of “Moderate Buy” and a consensus price target of $395.17.

Acuity Company Profile

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.