Acuity, Inc. $AYI Stock Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its position in Acuity, Inc. (NYSE:AYI) by 14.5% during the 3rd quarter, Holdings Channel reports. The firm owned 16,812 shares of the electronics maker’s stock after selling 2,862 shares during the quarter. Reinhart Partners LLC.’s holdings in Acuity were worth $5,209,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AYI. Parallel Advisors LLC lifted its holdings in Acuity by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 2,338 shares of the electronics maker’s stock valued at $655,000 after purchasing an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Acuity by 3.8% during the second quarter. Concurrent Investment Advisors LLC now owns 1,147 shares of the electronics maker’s stock worth $432,000 after buying an additional 42 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Acuity by 5.6% during the first quarter. EverSource Wealth Advisors LLC now owns 996 shares of the electronics maker’s stock worth $279,000 after buying an additional 53 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Acuity by 110.2% during the second quarter. Elevation Wealth Partners LLC now owns 103 shares of the electronics maker’s stock worth $39,000 after buying an additional 54 shares in the last quarter. Finally, Persistent Asset Partners Ltd bought a new position in shares of Acuity in the second quarter valued at approximately $27,000. Institutional investors own 98.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair downgraded Acuity from an “outperform” rating to a “market perform” rating in a report on Monday, September 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Acuity in a research report on Tuesday, September 22nd. The Goldman Sachs Group boosted their price objective on Acuity from $295.00 to $358.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen cut Acuity from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, TD Cowen restated a “buy” rating on shares of Acuity in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $380.20.

Insiders Place Their Bets

In related news, CFO Karen Holcom sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $329.62, for a total value of $659,240.00. Following the completion of the sale, the chief financial officer owned 17,447 shares in the company, valued at $5,750,880.14. This represents a 10.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.90% of the company’s stock.

Acuity Price Performance

AYI opened at $297.70 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.70 and a quick ratio of 1.28. The stock has a market capitalization of $8.91 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company’s 50 day simple moving average is $327.04 and its 200-day simple moving average is $312.85. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17.

Acuity (NYSE:AYI) last announced its quarterly earnings data on Thursday, October 1st. The electronics maker reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $5.57 by $0.20. Acuity had a return on equity of 20.30% and a net margin of 11.45%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $5.20 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Acuity, Inc. will post 19.99 earnings per share for the current fiscal year.

Acuity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 16th will be issued a $0.20 dividend. The ex-dividend date is Friday, October 16th. This represents a $0.80 annualized dividend and a yield of 0.3%. Acuity’s dividend payout ratio (DPR) is 4.68%.

Acuity Company Profile

Acuity (NYSE: AYI) is a technology company that provides lighting, lighting controls and building-management solutions for commercial, institutional, industrial and residential environments. Its products are designed to improve illumination, energy efficiency, automation and the overall performance of indoor and outdoor spaces.

The company offers a broad portfolio of lighting fixtures, controls, sensors and connected-building technologies. Its brands and product lines have included Lithonia Lighting, Holophane, Peerless, SensorSwitch, Distech Controls and Atrius.