BlackRock Amends Acuity Brands Stake, Maintains Significant Ownership

TL;DR

**BlackRock still owns a big chunk of Acuity Brands, showing continued institutional backing.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in its ownership of Acuity Brands Inc. common stock as of December 31, 2023. This amendment, the 16th for BlackRock, shows that the investment giant continues to hold a significant stake in Acuity Brands, a company specializing in electric lighting and wiring equipment. For investors, this filing confirms BlackRock's ongoing confidence in Acuity Brands, suggesting stability in institutional ownership, which can be a positive signal for the stock's long-term outlook.

Why It Matters

This filing confirms BlackRock's continued substantial investment in Acuity Brands, signaling institutional confidence and potentially reducing volatility for shareholders.

Risk Assessment

Risk Level: low — The filing indicates stable institutional ownership by a major asset manager, which generally reduces investment risk.

Analyst Insight

An investor should view this as a confirmation of stable institutional ownership, which can be a positive long-term indicator, but should not expect immediate price movements solely based on this filing.

Key Players & Entities

• BlackRock Inc. (company) — the filer and a major institutional investor
• Acuity Brands Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A
• 00508Y102 (other) — the CUSIP number for Acuity Brands Inc. Common Stock

Forward-Looking Statements

• BlackRock will maintain a significant stake in Acuity Brands Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
• Acuity Brands Inc. stock will likely experience continued institutional investor interest. (Acuity Brands Inc.) — medium confidence, target: June 30, 2024

FAQ

From the Filing

0001086364-24-002250.txt : 20240124 0001086364-24-002250.hdr.sgml : 20240124 20240124142713 ACCESSION NUMBER: 0001086364-24-002250 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACUITY BRANDS INC CENTRAL INDEX KEY: 0001144215 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 582632672 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78028 FILM NUMBER: 24555838 BUSINESS ADDRESS: STREET 1: 1170 PEACHTREE STREET NE STREET 2: SUITE 1200 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 404-853-1400 MAIL ADDRESS: STREET 1: 1170 PEACHTREE STREET NE STREET 2: SUITE 1200 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: L&C SPINCO INC DATE OF NAME CHANGE: 20010629 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us00508y1029_012424.txt us00508y1029_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16) ACUITY BRANDS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 00508Y102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 00508Y102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2790946 (6) Shared voting power 0 (7) Sole dispositive power 2924371 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2924371 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ACUITY BRANDS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1170 PEACHTREE STREET, NE, SUITE 2300 ATLANTA GA 30309-7676 Item 2. 2(a) Name of person filing: --------------------------------------