Intech Investment Management Adds $7M in Acuity Inc. ($AYI)
Intech Investment Management raised its stake in Acuity Inc. by 57%, now holding 49,130 shares worth $14.6 million.
Key Points
- Intech Investment Management increased its Acuity Inc. shares by 17,897, bringing its total to 49,130 shares, a 57% rise.
- Acuity Inc. has a market cap of about $9 billion, with a P/E ratio of 21.79 and a forward P/E of 13.97.
- BlackRock, Inc. and FMR LLC also increased their positions in Acuity Inc., with BlackRock holding 3,062,878 shares and FMR LLC holding 2,355,608 shares.
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Intech Investment Management has raised its stake in Acuity Inc. (NYSE:AYI) by 57%, according to its latest 13F filing with the SEC. The fund added 17,897 shares during the reporting period, bringing its total holdings to 49,130 shares, valued at approximately $14.6 million.
What Changed in Intech Investment Management's Acuity Inc. Position
Intech Investment Management significantly increased its position in Acuity Inc., growing its holdings from 31,233 shares to 49,130 shares. This 17,897-share addition reflects a 57% boost in its stake, indicating a strong vote of confidence in the company. The shares are valued at about $14.6 million based on the filing.
Other Institutional Activity in Acuity Inc.
Several other institutional investors also adjusted their positions in Acuity Inc. BlackRock, Inc. increased its holdings by 162,453 shares, bringing its total to 3,062,878 shares worth approximately $858.3 million. FMR LLC added 677,699 shares, ending with 2,355,608 shares valued at about $660.1 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions, each holding over 1.3 million shares. State Street Corp also upped its stake by 21,103 shares to hold 946,597 shares, valued at around $265.3 million.
Acuity Inc. Stock Up 12.4%
Shares of Acuity Inc. (NYSE:AYI) were trading near $297.24. The company has a market capitalization of approximately $9 billion, with a P/E ratio of 21.79 and a forward P/E of 13.97. Acuity's stock has fluctuated between a 52-week low of $257.04 and a high of $380.17. The stock's 50-day moving average is $289.36, and its 200-day moving average is $322.53. Acuity maintains a current ratio of 2.07 and a quick ratio of 1.17, with a debt-to-equity ratio of 28.45.
$AYI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, Acuity Inc. posted revenue of $4.59 billion, reflecting a growth of 4.9%. The company achieved an earnings per share (EPS) of $13.64, with a net margin of 9.37% and a return on equity (ROE) of 16.03%. The next earnings report is scheduled for June 25, 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 $0.74, yielding 0.25%. The dividend payout ratio stands at a conservative 5.21%.
Insider Buying and Selling at Acuity Inc.
Recent insider activity at Acuity Inc. includes several transactions. On June 1, 2026, SVP & Chief Financial Officer Karen Holcom sold 2,076 shares at an average price of $303.14 under a pre-arranged 10b5-1 plan. Maya Leibman purchased 200 shares on April 30, 2026, at $288.83, while Laura O'Shaughnessy bought 1,000 shares on April 8, 2026, at $282.98.
Analysts Set New Price Targets
Several analysts have maintained their ratings on Acuity Inc. On April 6, 2026, both Goldman Sachs and Baird kept a 'hold' rating, with price targets of $295 and $315, respectively. Previously, Wells Fargo maintained a 'buy' rating with a $370 target on March 3, 2026. The consensus among analysts is a 'buy' with an average target price of $352.50, based on eight analyst opinions.
About Acuity Inc.
Acuity Inc., headquartered in Atlanta, Georgia, operates in the industrials sector, specifically within the electrical equipment and parts industry. The company provides lighting solutions, lighting controls, and building management systems under various brand names. Its products serve a wide range of customers, including electrical distributors, consumer retailers, and system integrators across different sectors. Acuity Inc. was formerly known as Acuity Brands, Inc. and changed its name in March 2025.
Bottom Line
Intech Investment Management's significant increase in its stake in Acuity Inc. suggests confidence in the company's prospects. While the 13F filings are backward-looking and may not reflect current positions, they offer insight into institutional sentiment. With a solid market position and positive analyst outlook, Acuity Inc. remains a company to watch.
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