Acuity (NYSE:AYI) SVP Sells $1,638,978.79 in Stock

Acuity, Inc. (NYSE:AYI) SVP Barry Goldman sold 4,489 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the completion of the sale, the senior vice president directly owned 6,056 shares of the company’s stock, valued at $2,211,106.16. The trade was a 42.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Acuity Trading Up 1.5%

NYSE AYI opened at $365.35 on Friday. Acuity, Inc. has a one year low of $216.81 and a one year high of $375.67. The company has a 50-day simple moving average of $347.21 and a 200-day simple moving average of $304.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.95. The firm has a market capitalization of $11.18 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.94 and a beta of 1.64.

Acuity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Acuity’s payout ratio is 5.43%.

Analysts Set New Price Targets

AYI has been the subject of several research reports. TD Cowen lifted their price target on shares of Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Robert W. Baird boosted their target price on shares of Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Wall Street Zen lowered shares of Acuity from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company lifted their price target on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Oppenheimer lifted their price target on Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $395.17.

Institutional Trading of Acuity

Institutional investors have recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new stake in shares of Acuity in the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its stake in shares of Acuity by 1,100.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 88 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Acuity in the 3rd quarter worth approximately $33,000. Richardson Financial Services Inc. lifted its stake in shares of Acuity by 122.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 100 shares of the electronics maker’s stock worth $34,000 after acquiring an additional 55 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Acuity by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 106 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 104 shares during the period. 98.21% of the stock is owned by institutional investors and hedge funds.

About Acuity

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.