Dynamic Technology Lab Private Ltd Increases Position in Acuity, Inc. $AYI

Dynamic Technology Lab Private Ltd lifted its stake in Acuity, Inc. (NYSE:AYI) by 277.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,440 shares of the electronics maker’s stock after acquiring an additional 4,000 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Acuity were worth $1,623,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Acuity by 1,100.0% in the second quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Acuity in the 2nd quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Acuity in the 2nd quarter worth approximately $36,000. Golden State Wealth Management LLC raised its stake in shares of Acuity by 3,175.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Acuity by 136.8% during the second quarter. Cullen Frost Bankers Inc. now owns 296 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 171 shares during the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

Acuity Stock Performance

AYI opened at $341.31 on Friday. The firm has a fifty day moving average price of $353.57 and a 200 day moving average price of $315.01. The stock has a market cap of $10.45 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.94 and a beta of 1.62. Acuity, Inc. has a 1 year low of $216.81 and a 1 year high of $375.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.33.

Acuity (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 1st. The electronics maker reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $4.84 by $0.36. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Acuity had a return on equity of 20.81% and a net margin of 9.13%.The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.30 earnings per share. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. Equities research analysts anticipate that Acuity, Inc. will post 15.86 earnings per share for the current year.

Acuity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 17th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 17th. Acuity’s dividend payout ratio is presently 5.43%.

Insider Activity

In other Acuity news, SVP Barry R. Goldman sold 4,489 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total value 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. This trade represents a 42.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on AYI. Morgan Stanley lifted their price target on shares of Acuity from $365.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Robert W. Baird boosted their target price on Acuity from $335.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Zacks Research cut Acuity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Cowen restated a “buy” rating on shares of Acuity in a report on Thursday, October 2nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $395.17.

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.