Alberta Investment Management Corp Has $3.10 Million Stock Holdings in Acuity, Inc. $AYI

Alberta Investment Management Corp grew its position in shares of Acuity, Inc. (NYSE:AYI) by 46.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,400 shares of the electronics maker’s stock after acquiring an additional 3,300 shares during the quarter. Alberta Investment Management Corp’s holdings in Acuity were worth $3,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AYI. Hedeker Wealth LLC boosted its holdings in Acuity by 2.6% during the second quarter. Hedeker Wealth LLC now owns 19,928 shares of the electronics maker’s stock worth $5,945,000 after purchasing an additional 500 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Acuity by 17.9% during the 2nd quarter. Intech Investment Management LLC now owns 33,636 shares of the electronics maker’s stock worth $10,035,000 after buying an additional 5,103 shares during the last quarter. Creative Planning grew its holdings in shares of Acuity by 3.8% in the 2nd quarter. Creative Planning now owns 4,721 shares of the electronics maker’s stock valued at $1,409,000 after acquiring an additional 171 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Acuity by 22.0% in the second quarter. SG Americas Securities LLC now owns 1,772 shares of the electronics maker’s stock valued at $529,000 after acquiring an additional 319 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Acuity by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,863 shares of the electronics maker’s stock worth $2,346,000 after acquiring an additional 534 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Acuity Price Performance

Shares of NYSE AYI opened at $350.65 on Monday. The firm has a market cap of $10.73 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.62. The business’s 50 day moving average is $352.75 and its 200-day moving average is $313.23. 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.

Acuity (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 1st. The electronics maker reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.84 by $0.36. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Acuity had a return on equity of 20.81% and a net margin of 9.13%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.30 EPS. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. Equities research analysts predict that Acuity, Inc. will post 15.86 earnings per share for the current year.

Acuity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 17th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 17th. Acuity’s dividend payout ratio (DPR) is currently 5.43%.

Insiders Place Their Bets

In other Acuity news, SVP Barry R. Goldman sold 4,489 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total value of $1,638,978.79. Following the completion of the sale, the senior vice president owned 6,056 shares of the company’s stock, valued at $2,211,106.16. The trade was a 42.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AYI has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Acuity in a research note on Thursday. Oppenheimer raised their target price on shares of Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. TD Cowen upped their price target on shares of Acuity from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley increased their price target on shares of Acuity from $365.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, The Goldman Sachs Group boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.