Cullen Frost Bankers Inc. Purchases 171 Shares of Acuity, Inc. $AYI

Cullen Frost Bankers Inc. grew its position in shares of Acuity, Inc. (NYSE:AYI) by 136.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296 shares of the electronics maker’s stock after buying an additional 171 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Acuity were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in Acuity during the second quarter worth about $32,000. Reyes Financial Architecture Inc. grew its stake in Acuity by 31.7% during the first quarter. Reyes Financial Architecture Inc. now owns 320 shares of the electronics maker’s stock worth $84,000 after buying an additional 77 shares during the last quarter. UMB Bank n.a. grew its stake 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 during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Acuity by 1,789.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 359 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 340 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Acuity by 15.0% during the first quarter. Signaturefd LLC now owns 429 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 56 shares in the last quarter. 98.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Acuity from $365.00 to $425.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. The Goldman Sachs Group boosted their price target on shares of Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Zacks Research raised shares of Acuity from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Oppenheimer boosted their price target on shares of Acuity from $380.00 to $435.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $395.17.

Acuity Price Performance

Shares of NYSE AYI opened at $368.23 on Friday. The firm has a market cap of $11.29 billion, a PE ratio of 29.39, a PEG ratio of 1.98 and a beta of 1.64. The company has a current ratio of 1.95, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. Acuity, Inc. has a 1-year low of $216.81 and a 1-year high of $375.67. The company has a fifty day moving average price of $342.73 and a 200 day moving average price of $299.30.

Acuity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be paid a $0.17 dividend. The ex-dividend date of this dividend 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 presently 5.43%.

Acuity 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.