Bartlett & CO. Wealth Management LLC Sells 219 Shares of Acuity, Inc. $AYI

Bartlett & CO. Wealth Management LLC lessened its position in shares of Acuity, Inc. (NYSE:AYI) by 29.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 534 shares of the electronics maker’s stock after selling 219 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Acuity were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AYI. Concurrent Investment Advisors LLC bought a new stake in Acuity during the first quarter worth $250,000. Dynamic Technology Lab Private Ltd acquired a new position in Acuity during the 1st quarter worth approximately $379,000. Intech Investment Management LLC boosted its position in Acuity by 20.7% in the first quarter. Intech Investment Management LLC now owns 28,533 shares of the electronics maker’s stock valued at $7,514,000 after buying an additional 4,886 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Acuity by 12.6% during the 1st quarter. Acadian Asset Management LLC now owns 542,715 shares of the electronics maker’s stock valued at $142,907,000 after acquiring an additional 60,784 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Acuity by 12.1% during the first quarter. GAMMA Investing LLC now owns 863 shares of the electronics maker’s stock worth $227,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Robert W. Baird raised their price objective on Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Wells Fargo & Company upped their target price on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday. Cowen reissued a “buy” rating on shares of Acuity in a research report on Thursday. Finally, TD Cowen upped their price objective on shares of Acuity from $330.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity Trading Down 1.9%

Shares of AYI stock opened at $356.09 on Friday. The company has a market capitalization of $10.91 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64. Acuity, Inc. has a 52-week low of $216.81 and a 52-week high of $375.67. The business’s fifty day moving average is $327.63 and its 200 day moving average is $287.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.38 and a current ratio of 1.95.

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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, October 17th. Acuity’s dividend payout ratio (DPR) is 5.43%.

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.