Acuity, Inc. $AYI Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of Acuity, Inc. (NYSE:AYI) by 47.2% during the second quarter, HoldingsChannel.com reports. The fund owned 4,475 shares of the electronics maker’s stock after selling 4,005 shares during the period. Truist Financial Corp’s holdings in Acuity were worth $1,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Matrix Trust Co raised its stake in shares of Acuity by 8.7% in the 2nd quarter. Matrix Trust Co now owns 565 shares of the electronics maker’s stock valued at $169,000 after acquiring an additional 45 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Acuity by 2.4% in the 1st quarter. Benjamin Edwards Inc. now owns 1,935 shares of the electronics maker’s stock valued at $510,000 after acquiring an additional 46 shares during the period. Comerica Bank raised its stake in shares of Acuity by 0.3% in the 1st quarter. Comerica Bank now owns 15,389 shares of the electronics maker’s stock valued at $4,053,000 after acquiring an additional 51 shares during the period. US Bancorp DE raised its stake in shares of Acuity by 1.8% in the 1st quarter. US Bancorp DE now owns 3,188 shares of the electronics maker’s stock valued at $840,000 after acquiring an additional 55 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Acuity by 15.0% in the 1st quarter. Signaturefd LLC now owns 429 shares of the electronics maker’s stock valued at $113,000 after acquiring an additional 56 shares during the period. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Acuity Price Performance

Shares of AYI opened at $347.14 on Monday. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The firm’s 50 day moving average price is $332.88 and its 200 day moving average price is $291.56. The company has a market cap of $10.64 billion, a P/E ratio of 27.70, a PEG ratio of 1.87 and a beta of 1.64. The company has a quick ratio of 1.33, a current ratio of 1.95 and a debt-to-equity ratio of 0.33.

Acuity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be given 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 dividend yield of 0.2%. Acuity’s dividend payout ratio is currently 5.43%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AYI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Acuity in a research note on Wednesday, October 8th. TD Cowen boosted their price target on shares of Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Acuity from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 27th. Cowen reissued a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. Finally, 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 note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

About Acuity

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.