Aaron Wealth Advisors LLC Takes Position in Acuity, Inc. $AYI

Aaron Wealth Advisors LLC bought a new stake in shares of Acuity, Inc. (NYSE:AYI) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 2,703 shares of the electronics maker’s stock, valued at approximately $931,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Acuity during the first quarter worth about $379,000. Intech Investment Management LLC grew its position in shares of Acuity by 20.7% during the first quarter. Intech Investment Management LLC now owns 28,533 shares of the electronics maker’s stock worth $7,514,000 after buying an additional 4,886 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Acuity by 51.7% in the second quarter. GHP Investment Advisors Inc. now owns 3,193 shares of the electronics maker’s stock worth $953,000 after buying an additional 1,088 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Acuity in the second quarter worth $407,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Acuity during the second quarter worth about $119,587,000. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Barry R. Goldman sold 4,489 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the transaction, the senior vice president owned 6,056 shares in the company, valued at $2,211,106.16. This represents a 42.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their price target on Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Robert W. Baird increased their price objective on Acuity from $335.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Wells Fargo & Company upped their price objective on shares of Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Zacks Research lowered shares of Acuity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen upgraded shares of Acuity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity Stock Performance

Acuity stock opened at $350.18 on Thursday. The firm’s 50 day simple moving average is $361.27 and its 200-day simple moving average is $328.92. The company has a market cap of $10.75 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.92 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.33. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $379.17.

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

Acuity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 17th. Acuity’s payout ratio is currently 5.43%.

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.