Acuity, Inc. (NYSE:AYI) Receives $397.67 Consensus Target Price from Analysts

Acuity, Inc. (NYSE:AYI) has earned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $395.1667.

Several research analysts have recently commented on AYI shares. Oppenheimer raised their price target on Acuity from $380.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Acuity in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Morgan Stanley reduced their price target on shares of Acuity from $425.00 to $410.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Cowen reissued a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd.

Acuity Price Performance

Shares of AYI opened at $319.34 on Monday. The firm has a 50-day simple moving average of $359.14 and a two-hundred day simple moving average of $340.39. The stock has a market cap of $9.79 billion, a PE ratio of 24.56, a P/E/G ratio of 1.75 and a beta of 1.50. Acuity has a 1-year low of $216.81 and a 1-year high of $380.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.07 and a quick ratio of 1.39.

Acuity (NYSE:AYI) last posted its quarterly earnings data on Thursday, January 8th. The electronics maker reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.24. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Acuity had a net margin of 9.04% and a return on equity of 20.97%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company posted $3.97 EPS. As a group, analysts forecast that Acuity will post 15.86 EPS for the current year.

Insider Buying and Selling

In other Acuity news, SVP Barry R. Goldman sold 4,687 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $368.01, for a total value of $1,724,862.87. Following the completion of the transaction, the senior vice president owned 10,545 shares in the company, valued at $3,880,665.45. The trade was a 30.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC lifted its holdings in shares of Acuity by 50,220.2% during the second quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker’s stock worth $676,764,000 after purchasing an additional 2,263,925 shares during the period. Balyasny Asset Management L.P. purchased a new position in Acuity during the 2nd quarter worth $119,587,000. Norges Bank acquired a new stake in shares of Acuity in the 2nd quarter worth $115,595,000. Millennium Management LLC boosted its holdings in shares of Acuity by 98.4% in the third quarter. Millennium Management LLC now owns 571,017 shares of the electronics maker’s stock valued at $196,653,000 after acquiring an additional 283,203 shares in the last quarter. Finally, Palestra Capital Management LLC purchased a new stake in shares of Acuity in the third quarter valued at about $91,539,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

About Acuity

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.