ASR Vermogensbeheer N.V. Buys 804 Shares of Acuity, Inc. $AYI

ASR Vermogensbeheer N.V. grew its holdings in Acuity, Inc. (NYSE:AYI) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,108 shares of the electronics maker’s stock after acquiring an additional 804 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Acuity were worth $27,778,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new stake in shares of Acuity in the first quarter worth about $250,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Acuity in the first quarter worth about $379,000. Intech Investment Management LLC increased its holdings in shares of Acuity by 20.7% in the first quarter. Intech Investment Management LLC now owns 28,533 shares of the electronics maker’s stock worth $7,514,000 after acquiring an additional 4,886 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Acuity by 12.6% in the first quarter. Acadian Asset Management LLC now owns 542,715 shares of the electronics maker’s stock worth $142,907,000 after acquiring an additional 60,784 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Acuity by 12.1% in the first quarter. GAMMA Investing LLC now owns 863 shares of the electronics maker’s stock worth $227,000 after acquiring an additional 93 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors.

Acuity Stock Performance

Shares of NYSE AYI opened at $363.42 on Thursday. The stock has a 50 day moving average price of $326.46 and a 200 day moving average price of $287.14. Acuity, Inc. has a 52 week low of $216.81 and a 52 week high of $375.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.38 and a current ratio of 1.99. The stock has a market capitalization of $11.14 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 1.92 and a beta of 1.64.

Acuity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.68 annualized dividend and a yield of 0.2%. Acuity’s dividend payout ratio is 5.36%.

Wall Street Analyst Weigh In

AYI has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Acuity from $335.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, June 27th. Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Wells Fargo & Company raised Acuity from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $320.00 to $380.00 in a research report on Tuesday, September 2nd. Finally, Robert W. Baird upped their price objective on Acuity from $335.00 to $360.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Acuity has a consensus rating of “Moderate Buy” and a consensus target price of $371.25.

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.