FMR Adds $249M in Acuity Inc. ($AYI)
FMR added 677,699 shares of Acuity Inc., boosting its stake to 2.36 million shares.
Key Points
- FMR boosted its stake in Acuity Inc. (AYI) by 40%, adding 677,699 shares to hold a total of 2.36 million shares valued at $846.6 million.
- Acuity Inc. shares traded at $359.39 on Saturday, with a market cap of $10.85 billion and a P/E ratio of 24.1.
- Insiders at Acuity Inc. have been active, with CFO Karen Holcom selling shares under a 10b5-1 plan and other insiders making buys.
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FMR increased its stake in Acuity Inc. (NYSE:AYI) by 40.4%, according to the latest Form 13F filing with the SEC. The investment firm added 677,699 shares, bringing its total to 2,355,608 shares valued at approximately $846.6 million as of the reporting period.
FMR vs. the S&P 500
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What Changed in FMR's Acuity Inc. Position
FMR significantly boosted its holdings in Acuity Inc. by 677,699 shares, a 40.4% increase from its previous position of 1,677,909 shares. The total value of FMR's position in Acuity now stands at about $846.6 million.
Other Institutional Activity in Acuity Inc.
BlackRock, Inc. added 162,453 shares to its Acuity holdings, reaching a total of 3,062,878 shares valued at $858.3 million, reflecting a 5.6% increase. Vanguard Portfolio Management LLC opened a new position with 1,414,787 shares worth roughly $396.5 million. Similarly, Vanguard Capital Management LLC also initiated a stake with 1,375,687 shares valued at $385.5 million. State Street Corp increased its position by 21,103 shares, ending with 946,597 shares valued at $265.3 million, a 2.3% rise. JPMorgan Chase & Co grew its stake by 170,031 shares, holding 771,216 shares worth about $210.1 million, marking a 28.3% increase.
Acuity Inc. Stock Up 9.7%
Shares of Acuity Inc. (NYSE:AYI) traded near $359.39 on Saturday. The company has a market capitalization of approximately $10.85 billion and a P/E ratio of 24.1. Acuity's stock has seen a 52-week low of $257.04 and a high of $380.17. The 50-day moving average is $297.23, while the 200-day moving average is $321.93. The company has a current ratio of 2.053, a quick ratio of 1.297, and a debt-to-equity ratio of 28.206.
$AYI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Acuity Inc. reported revenue of $4.61 billion, with a modest growth rate of 1.6%. The company's earnings per share (EPS) stood at 15.04, with a net margin of 10.3% and a return on equity (ROE) of 17.4%. The next earnings report is expected on September 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 1.4%. Revenue missed estimates by 11.1%.
- Profit surprise
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Pre-earnings setup
Expectations were about average going in.
- Analyst signal
- Earnings quality
Earnings Call Summary
Acuity had a mixed quarter. Reported revenue of $1.06 billion was $5 billion above last year but missed consensus by $132 million. The lighting business fell 3 percent year-over-year but gross margins improved 70 basis points to 45.7 percent through pricing and productivity. The spaces unit grew strongly, with sales up $77 million, driven by Distech controls and QSC audio-visual gear. They cut full-year guidance because the lighting market remains weak, with customers releasing projects slowly despite a full pipeline.
Guidance Management cut the full-year lighting sales outlook to flat to down low single digits year-over-year, from an earlier expectation of up low single digits. They cited soft market conditions, project delays from government shutdown, and data center competition for contractors as main pressures. The spaces business still expects low to mid-teens growth for the full year.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
Acuity Inc. offers an annual dividend rate of $0.77 per share, yielding 0.21%. The dividend payout ratio is 4.91%.
Insider Buying and Selling at Acuity Inc.
Recent insider activity at Acuity Inc. includes CFO Karen Holcom selling 2,076 shares on June 1, 2026, under a Rule 10b5-1 plan at an average price of $303.14. On April 30, 2026, Maya Leibman purchased 200 shares at $288.83, and on April 8, 2026, Laura O'Shaughnessy bought 1,000 shares at $282.98.
Analysts Set New Price Targets
On June 26, 2026, Goldman Sachs and Baird both maintained their ratings on Acuity Inc., with Goldman setting a price target of $358 and Baird at $390. Wells Fargo previously maintained a 'buy' rating with a $370 target on March 3, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $352.50 based on eight opinions.
About Acuity Inc.
Acuity Inc., headquartered in Atlanta, Georgia, specializes in lighting solutions and building management systems. The company operates through two key segments: Acuity Brands Lighting, which provides advanced lighting solutions, and Acuity Intelligent Spaces, offering building management systems and audio-visual platforms. Acuity serves a wide range of customers, including electrical distributors, retailers, and large corporate accounts. Led by CEO Neil M. Ashe, the company employs approximately 13,800 people.
Bottom Line
FMR's significant increase in its Acuity Inc. stake reflects confidence in the company's prospects. Investors often track such institutional moves as they can signal market sentiment. It's important to remember that 13F filings are backward-looking and may not represent current positions.
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