Livforsakringsbolaget Skandia Omsesidigt Has $5.26 Million Holdings in Acuity, Inc. $AYI

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Acuity, Inc. (NYSE:AYI) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,800 shares of the electronics maker’s stock after buying an additional 1,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.06% of Acuity worth $5,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AYI. Elyxium Wealth LLC bought a new stake in Acuity during the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. bought a new position in Acuity in the 4th quarter valued at $27,000. Entrust Financial LLC bought a new position in Acuity in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Acuity in the 4th quarter valued at $36,000. Finally, Torren Management LLC acquired a new position in Acuity in the fourth quarter worth $39,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Insider Transactions at Acuity

In other Acuity news, Director Maya Leibman bought 200 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $288.83 per share, for a total transaction of $57,766.00. Following the transaction, the director owned 400 shares in the company, valued at approximately $115,532. This trade represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.90% of the company’s stock.

Acuity Stock Up 0.8%

Shares of AYI opened at $327.84 on Wednesday. The business’s fifty day moving average price is $311.78 and its two-hundred day moving average price is $306.16. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.78 and a beta of 1.27. Acuity, Inc. has a 52 week low of $257.04 and a 52 week high of $380.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05.

Acuity (NYSE:AYI) last released its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $5.12 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Acuity, Inc. will post 18.28 earnings per share for the current year.

Acuity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, July 17th. Acuity’s payout ratio is currently 5.31%.

Wall Street Analysts Forecast Growth

AYI has been the topic of several research analyst reports. Morgan Stanley increased their target price on Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. The Goldman Sachs Group increased their price objective on shares of Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Finally, Oppenheimer set a $465.00 price objective on shares of Acuity in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Acuity currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.17.

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.