Acuity, Inc. $AYI Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of Acuity, Inc. (NYSE:AYI) by 22.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,927 shares of the electronics maker’s stock after selling 2,352 shares during the period. QRG Capital Management Inc.’s holdings in Acuity were worth $2,730,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC boosted its stake in shares of Acuity by 8,338.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,097 shares of the electronics maker’s stock worth $289,000 after acquiring an additional 1,084 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Acuity by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 76,543 shares of the electronics maker’s stock valued at $20,158,000 after purchasing an additional 11,144 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Acuity by 10.9% during the second quarter. Assenagon Asset Management S.A. now owns 9,922 shares of the electronics maker’s stock valued at $2,960,000 after purchasing an additional 978 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Acuity by 31.2% in the 2nd quarter. UMB Bank n.a. now owns 328 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 78 shares during the period. Finally, Farther Finance Advisors LLC increased 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 worth $221,000 after purchasing an additional 632 shares in the last quarter. Institutional investors own 98.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AYI. William Blair reaffirmed an “outperform” rating on shares of Acuity in a research note on Tuesday, December 30th. Oppenheimer upped their price target on shares of Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group raised 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. Cowen reissued a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. Finally, TD Cowen increased their target price on Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $395.17.

Insider Buying and Selling

In other Acuity news, SVP Barry R. Goldman sold 4,687 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $368.01, for a total value of $1,724,862.87. Following the transaction, the senior vice president owned 10,545 shares in the company, valued at $3,880,665.45. The trade was a 30.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

Acuity Stock Performance

Shares of AYI opened at $320.53 on Tuesday. The company has a market capitalization of $9.83 billion, a PE ratio of 24.66, a PEG ratio of 1.72 and a beta of 1.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 2.07. The company’s 50 day moving average price is $356.73 and its 200 day moving average price is $341.00. Acuity, Inc. has a 52 week low of $216.81 and a 52 week high of $380.17.

Acuity (NYSE:AYI) last released its earnings results on Thursday, January 8th. The electronics maker reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.24. Acuity had a net margin of 9.04% and a return on equity of 20.97%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. The company’s revenue was up 20.2% compared to the same quarter last year. Research analysts expect that Acuity, Inc. will post 15.86 EPS for the current fiscal year.

About Acuity

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.