Acuity, Inc. $AYI Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Acuity, Inc. (NYSE:AYI) by 2.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,859 shares of the electronics maker’s stock after selling 224 shares during the quarter. Yousif Capital Management LLC’s holdings in Acuity were worth $3,240,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AYI. Ameritas Advisory Services LLC acquired a new stake in Acuity during the second quarter valued at approximately $32,000. Cullen Frost Bankers Inc. raised its stake in Acuity by 525.0% during the first quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker’s stock valued at $33,000 after buying an additional 105 shares in the last quarter. Reyes Financial Architecture Inc. raised its stake in Acuity by 31.7% during the first quarter. Reyes Financial Architecture Inc. now owns 320 shares of the electronics maker’s stock valued at $84,000 after buying an additional 77 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Acuity by 1,789.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 359 shares of the electronics maker’s stock valued at $95,000 after buying an additional 340 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Acuity by 31.2% during the second quarter. UMB Bank n.a. now owns 328 shares of the electronics maker’s stock valued at $98,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AYI shares. Morgan Stanley upped their price objective on Acuity from $365.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Oppenheimer upped their price objective on Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Robert W. Baird upped their price objective on Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Wells Fargo & Company upped their price objective on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Cowen reiterated a “buy” rating on shares of Acuity in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acuity presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.17.

Acuity Stock Down 1.4%

Shares of Acuity stock opened at $360.96 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $337.17 and its 200-day simple moving average is $293.90. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.96 and a beta of 1.64. Acuity, Inc. has a twelve month low of $216.81 and a twelve month high of $375.67.

Acuity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, October 17th. Acuity’s dividend payout ratio is presently 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.