V Square Quantitative Management LLC Has $38,000 Holdings in Acuity, Inc. $AYI

V Square Quantitative Management LLC cut its position in shares of Acuity, Inc. (NYSE:AYI) by 38.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127 shares of the electronics maker’s stock after selling 79 shares during the quarter. V Square Quantitative Management LLC’s holdings in Acuity were worth $38,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new position in Acuity during the first quarter worth $250,000. Dynamic Technology Lab Private Ltd bought a new position in Acuity during the first quarter worth $379,000. Intech Investment Management LLC boosted its stake in Acuity by 20.7% during 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 boosted its stake in Acuity by 12.6% during 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 boosted its stake in 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 acquiring 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 1.9%

AYI opened at $356.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.38. The company’s 50-day moving average is $327.63 and its 200 day moving average is $287.76. Acuity, Inc. has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The firm has a market capitalization of $10.91 billion, a P/E ratio of 28.42, a PEG ratio of 2.02 and a beta of 1.64.

Acuity Dividend Announcement

The company 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. 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 Ratings Changes

Several research analysts recently issued reports on AYI shares. The Goldman Sachs Group increased their target price on shares of Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Acuity from $365.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen raised shares of Acuity from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 27th. Wells Fargo & Company raised their price objective on shares of Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Robert W. Baird raised their price objective 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. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Acuity presently has an average rating of “Moderate Buy” and an average price target of $395.17.

Acuity Company 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.