Voya Investment Management LLC Reduces Holdings in Acuity, Inc. $AYI

Voya Investment Management LLC decreased its position in shares of Acuity, Inc. (NYSE:AYI) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,424 shares of the electronics maker’s stock after selling 4,744 shares during the quarter. Voya Investment Management LLC owned approximately 0.09% of Acuity worth $9,100,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have issued reports on AYI. Oppenheimer increased their target price on Acuity from $380.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Zacks Research cut Acuity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Cowen restated a “buy” rating on shares of Acuity in a research note on Thursday, October 2nd. Wells Fargo & Company upped their price target on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Acuity currently has an average rating of “Moderate Buy” and a consensus price target of $395.17.

Acuity Trading Up 1.0%

Shares of AYI opened at $371.50 on Wednesday. Acuity, Inc. has a 1-year low of $216.81 and a 1-year high of $379.17. The company has a market capitalization of $11.41 billion, a P/E ratio of 29.65, a P/E/G ratio of 1.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.95 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $361.93 and its 200 day simple moving average is $332.25.

Acuity (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 1st. The electronics maker reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $4.84 by $0.36. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Acuity had a net margin of 9.13% and a return on equity of 20.81%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.30 EPS. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. Sell-side analysts forecast that Acuity, Inc. will post 15.86 earnings per share for the current fiscal year.

Acuity Announces Dividend

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

Insiders Place Their Bets

In other Acuity news, SVP Barry R. Goldman sold 4,489 shares of Acuity stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the completion of the sale, the senior vice president owned 6,056 shares of the company’s stock, valued at $2,211,106.16. The trade was 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 owned by 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.