New York State Teachers Retirement System Has $9.99 Million Holdings in Acuity, Inc. $AYI

New York State Teachers Retirement System cut its holdings in shares of Acuity, Inc. (NYSE:AYI) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,476 shares of the electronics maker’s stock after selling 2,960 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Acuity worth $9,987,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new stake in Acuity during the 1st quarter worth about $250,000. Dynamic Technology Lab Private Ltd acquired a new stake in Acuity during the 1st quarter worth about $379,000. Intech Investment Management LLC boosted its position in Acuity by 20.7% during the 1st 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 during the period. Acadian Asset Management LLC boosted its position in Acuity by 12.6% during the 1st 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 during the period. Finally, GAMMA Investing LLC raised its stake in shares of Acuity by 12.1% during the 1st quarter. GAMMA Investing LLC now owns 863 shares of the electronics maker’s stock worth $227,000 after purchasing an additional 93 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Acuity Stock Down 1.1%

Shares of AYI stock opened at $357.12 on Monday. The stock’s 50 day simple moving average is $338.18 and its 200 day simple moving average is $294.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.95. Acuity, Inc. has a twelve month low of $216.81 and a twelve month high of $375.67. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.90 and a beta of 1.64.

Acuity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 17th. Acuity’s dividend payout ratio (DPR) is presently 5.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AYI shares. Morgan Stanley raised their price target on Acuity from $365.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Cowen reaffirmed a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. Wells Fargo & Company raised their price target on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Zacks Research raised Acuity from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acuity presently has an average rating of “Moderate Buy” and a consensus price target of $395.17.

Acuity Profile

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.