Interval Partners LP Acquires 6,091 Shares of Acuity, Inc. $AYI

Interval Partners LP boosted its holdings in shares of Acuity, Inc. (NYSE:AYI) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,959 shares of the electronics maker’s stock after purchasing an additional 6,091 shares during the period. Interval Partners LP’s holdings in Acuity were worth $24,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in Acuity during the fourth quarter worth $25,000. Miller Capital Partners Inc. bought a new stake in Acuity during the fourth quarter worth $27,000. Entrust Financial LLC bought a new stake in Acuity during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Acuity during the fourth quarter worth $36,000. Finally, Torren Management LLC bought a new stake in Acuity during the fourth quarter worth $39,000. 98.21% of the stock is currently owned by institutional investors.

Acuity Stock Down 0.2%

Shares of NYSE:AYI opened at $305.59 on Thursday. The company has a fifty day moving average of $291.35 and a 200-day moving average of $309.73. The company has a market capitalization of $9.26 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.70 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07. Acuity, Inc. has a 52-week low of $257.04 and a 52-week high of $380.17.

Acuity (NYSE:AYI) last announced its quarterly earnings results on Thursday, April 2nd. The electronics maker reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.03. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Acuity had a net margin of 9.37% and a return on equity of 20.74%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. On average, equities analysts predict that Acuity, Inc. will post 18.06 EPS for the current fiscal year.

Acuity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 17th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. Acuity’s dividend payout ratio is 5.87%.

Insider Buying and Selling at Acuity

In other Acuity news, Director Maya Leibman acquired 200 shares of Acuity stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $288.83 per share, with a total value of $57,766.00. Following the completion of the purchase, the director directly owned 400 shares in the company, valued at $115,532. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laura O’shaughnessy acquired 1,000 shares of Acuity stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average cost of $282.98 per share, for a total transaction of $282,980.00. Following the purchase, the director owned 3,111 shares of the company’s stock, valued at $880,350.78. The trade was a 47.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AYI shares. Wall Street Zen cut Acuity from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings downgraded shares of Acuity from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Robert W. Baird lowered their price target 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 lowered their price target 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. Finally, The Goldman Sachs Group lowered their price target 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. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and an average price target of $369.17.

Acuity Company Profile

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.