Acuity, Inc. $AYI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Acuity, Inc. (NYSE:AYI) by 0.7% during the 1st quarter, Holdings Channel reports. The firm owned 229,548 shares of the electronics maker’s stock after selling 1,596 shares during the period. Bank of New York Mellon Corp’s holdings in Acuity were worth $64,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Assetmark Inc. raised its position in shares of Acuity by 6.4% during the 4th quarter. Assetmark Inc. now owns 617 shares of the electronics maker’s stock worth $222,000 after purchasing an additional 37 shares during the last quarter. Brown Advisory Inc. grew its holdings in Acuity by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after buying an additional 37 shares during the last quarter. Quadrant Capital Group LLC increased its position in Acuity by 1.6% during the third quarter. Quadrant Capital Group LLC now owns 2,488 shares of the electronics maker’s stock worth $857,000 after buying an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Acuity by 0.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 6,805 shares of the electronics maker’s stock worth $2,450,000 after buying an additional 41 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Acuity by 59.2% in the third quarter. Quarry LP now owns 113 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 42 shares during the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.

Acuity News Roundup

Here are the key news stories impacting Acuity this week:

• Positive Sentiment: Zacks Research lifted Acuity’s FY2027 EPS estimate to $20.26 from $20.07 and FY2028 EPS to $21.96 from $21.77, suggesting stronger longer-term earnings power.
• Positive Sentiment: The firm also raised its Q3 2027 estimate to $5.53 from $5.32 and Q4 2027 estimate to $5.60 from $5.57, indicating continued confidence in near-term performance.
• Positive Sentiment: Several revised estimates remain above the current full-year consensus of $18.44 EPS, reinforcing the view that Acuity may outperform expectations.
• Neutral Sentiment: Zacks also trimmed a few quarterly estimates, including Q4 2026 to $5.14 from $5.23, Q2 2027 to $4.31 from $4.40, and Q1 2028 to $5.09 from $5.11, which slightly tempers the overall bullish tone.

Insider Transactions at Acuity

In other news, Director Maya Leibman purchased 200 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $288.83 per share, with a total value of $57,766.00. Following the completion of the transaction, the director owned 400 shares in the company, valued at approximately $115,532. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.

Acuity Stock Performance

Shares of AYI stock opened at $331.82 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Acuity, Inc. has a one year low of $257.04 and a one year high of $380.17. The company has a 50 day moving average price of $316.73 and a 200 day moving average price of $304.70.

Acuity (NYSE:AYI) last announced its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.17 by $0.14. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $5.12 EPS. Acuity’s revenue for the quarter was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Acuity, Inc. will post 18.44 EPS for the current year.

Acuity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 17th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Acuity’s dividend payout ratio (DPR) is presently 5.31%.

Analysts Set New Price Targets

AYI has been the topic of several recent research reports. Wall Street Zen upgraded Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Morgan Stanley lifted their price objective on Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group boosted their target price on shares of Acuity from $295.00 to $358.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Oppenheimer set a $465.00 price target on shares of Acuity in a research note on Friday, June 26th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acuity presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.17.

Acuity Profile

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.