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Diversified Trust Co boosts Acuity, Inc. stake as company reports strong earnings and dividend.
Diversified Trust Co increased its stake in Acuity, Inc. (NYSE: AYI) by 12.6%, bringing its holdings to 5,766 shares.
Acuity reported a strong earnings report with a 21.7% revenue increase year-over-year and a 20.62% return on equity.
The company recently announced a quarterly dividend of $0.17 per share.
Analysts have shown optimism, with some raising price targets and Wall Street Zen upgrading its rating to "strong-buy."
Acuity's stock has a market cap of $9.39 billion and a P/E ratio of 23.94.
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Diversified Trust Co aumenta la participación de Acuity, Inc. mientras la compañía reporta fuertes ganancias y dividendos.