Assenagon Asset Management S.A. Acquires 4,178 Shares of Acuity, Inc. $AYI

Assenagon Asset Management S.A. grew its holdings in Acuity, Inc. (NYSE:AYI) by 42.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,100 shares of the electronics maker’s stock after purchasing an additional 4,178 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Acuity were worth $4,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in AYI. Hantz Financial Services Inc. boosted its holdings in shares of Acuity by 1,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Acuity in the 2nd quarter valued at $32,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Acuity during the 2nd quarter valued at $36,000. Golden State Wealth Management LLC boosted its stake in Acuity by 3,175.0% during the second quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker’s stock worth $39,000 after acquiring an additional 127 shares in the last quarter. Finally, Rexford Capital Inc. bought a new position in Acuity during the second quarter worth $40,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Acuity Stock Performance

Shares of AYI opened at $363.54 on Monday. The firm has a market capitalization of $11.16 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.95 and a beta of 1.49. Acuity, Inc. has a 52 week low of $216.81 and a 52 week high of $379.17. The stock has a 50 day moving average price of $361.58 and a two-hundred day moving average price of $330.80. 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 (NYSE:AYI) last posted its earnings results on Wednesday, October 1st. The electronics maker reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.84 by $0.36. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Acuity had a return on equity of 20.81% and a net margin of 9.13%.The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $4.30 earnings per share. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. Equities analysts forecast that Acuity, Inc. will post 15.86 earnings per share for the current fiscal year.

Acuity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were paid a $0.17 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.2%. Acuity’s dividend payout ratio is presently 5.43%.

Analyst Ratings Changes

AYI has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. TD Cowen raised their target price on Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Morgan Stanley upped 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. Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Acuity in a research note on Monday, December 15th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Acuity has a consensus rating of “Moderate Buy” and a consensus price target of $395.17.

Insider Activity at Acuity

In other news, SVP Barry R. Goldman sold 4,489 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $365.11, for a total value of $1,638,978.79. Following the completion of the sale, the senior vice president owned 6,056 shares in the company, valued at $2,211,106.16. This represents a 42.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

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.