Mutual of America Capital Management LLC Lowers Stake in Acuity, Inc. $AYI

Mutual of America Capital Management LLC decreased its stake in Acuity, Inc. (NYSE:AYI) by 3.5% during the 2nd quarter, Holdings Channel reports. The firm owned 15,220 shares of the electronics maker’s stock after selling 559 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Acuity were worth $4,541,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Acuity by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,118,613 shares of the electronics maker’s stock valued at $821,287,000 after buying an additional 14,071 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Acuity by 1.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,139,857 shares of the electronics maker’s stock valued at $300,181,000 after purchasing an additional 18,878 shares in the last quarter. Durable Capital Partners LP lifted its holdings in Acuity by 0.9% in the 1st quarter. Durable Capital Partners LP now owns 1,098,485 shares of the electronics maker’s stock valued at $289,286,000 after purchasing an additional 10,008 shares in the last quarter. American Century Companies Inc. lifted its holdings in Acuity by 3.0% in the 1st quarter. American Century Companies Inc. now owns 832,491 shares of the electronics maker’s stock valued at $219,237,000 after purchasing an additional 24,225 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Acuity by 34.6% in the 1st quarter. AQR Capital Management LLC now owns 613,217 shares of the electronics maker’s stock valued at $157,910,000 after purchasing an additional 157,790 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Wall Street Analyst Weigh In

AYI has been the topic of several research reports. Oppenheimer raised their price target on shares of Acuity from $380.00 to $435.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Zacks Research raised shares of Acuity from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Acuity in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Acuity has an average rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity Price Performance

NYSE:AYI opened at $357.03 on Thursday. The stock’s fifty day moving average is $340.62 and its two-hundred day moving average is $296.81. The company has a market capitalization of $10.94 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.96 and a beta of 1.64. Acuity, Inc. has a 52 week low of $216.81 and a 52 week high of $375.67. 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 Announces Dividend

The company also recently announced 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 yield of 0.2%. Acuity’s payout ratio is presently 5.43%.

Acuity 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.