Key Points
- Maya Leibman, a director of Acuity, purchased 200 shares on April 30 at an average price of $288.83, doubling her stake to 400 shares valued at about $115,532; the transaction was disclosed in an SEC filing.
- The company paid a quarterly dividend of $0.20 on May 1 (ex-dividend April 17), equal to an annualized $0.80 and a yield of roughly 0.3% with a payout ratio of 5.87%.
- Analysts maintain a consensus rating of "Moderate Buy" with an average target of $369.17; shares trade near $285–289, giving Acuity a market cap of $8.66 billion and a PE of about 20.9, with the 50-day SMA below the 200-day SMA.
Acuity, Inc. (NYSE:AYI - Get Free Report) Director Maya Leibman acquired 200 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $288.83 per share, with a total value of $57,766.00. Following the completion of the acquisition, the director directly owned 400 shares of the company's stock, valued at $115,532. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Acuity Stock Performance
Shares of Acuity stock opened at $285.63 on Tuesday. The company has a market capitalization of $8.66 billion, a PE ratio of 20.94, a P/E/G ratio of 1.60 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07. The company has a 50-day simple moving average of $281.53 and a two-hundred day simple moving average of $324.39. Acuity, Inc. has a one year low of $249.60 and a one year high of $380.17.
Acuity Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, April 17th were issued a $0.20 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. Acuity's payout ratio is currently 5.87%.
Institutional Investors Weigh In On Acuity
A number of large investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC boosted its position in Acuity by 50,220.2% in the second quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker's stock valued at $676,764,000 after buying an additional 2,263,925 shares during the last quarter. Durable Capital Partners LP boosted its position in Acuity by 9.1% in the third quarter. Durable Capital Partners LP now owns 1,363,619 shares of the electronics maker's stock valued at $469,617,000 after buying an additional 113,720 shares during the last quarter. American Century Companies Inc. boosted its position in Acuity by 2.1% in the 3rd quarter. American Century Companies Inc. now owns 815,050 shares of the electronics maker's stock worth $280,695,000 after purchasing an additional 17,011 shares in the last quarter. M&T Bank Corp boosted its position in Acuity by 6,496.7% in the 4th quarter. M&T Bank Corp now owns 692,189 shares of the electronics maker's stock worth $249,216,000 after purchasing an additional 681,696 shares in the last quarter. Finally, Boston Partners boosted its position in Acuity by 10.1% in the 3rd quarter. Boston Partners now owns 633,060 shares of the electronics maker's stock worth $218,071,000 after purchasing an additional 58,085 shares in the last quarter. Hedge funds and other institutional investors own 98.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AYI shares. Robert W. Baird reduced their target price on shares of Acuity from $320.00 to $315.00 and set a "neutral" rating for the company in a report on Monday, April 6th. Wells Fargo & Company reduced their target price on shares of Acuity from $385.00 to $370.00 and set an "overweight" rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Acuity in a report on Friday, March 27th. The Goldman Sachs Group reduced their target price on shares of Acuity from $342.00 to $295.00 and set a "neutral" rating for the company in a report on Monday, April 6th. Finally, Morgan Stanley reduced their target price on shares of Acuity from $425.00 to $410.00 and set an "overweight" rating for the company in a report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $369.17.
View Our Latest Analysis on Acuity
About Acuity
(
Get Free Report)
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.
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