FMR LLC & Abigail Johnson Boost Acuity Brands Stake to 11.228%

Ticker: AYI · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, insider-filing, ownership-change

TL;DR

**FMR LLC just upped its stake in Acuity Brands to over 11%, big institutional vote of confidence!**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Acuity Brands Inc. (AYI) to 11.228% of the common stock, totaling 3,466,829 shares, as of February 9, 2024. This is an amendment to a previous filing, indicating a change in their beneficial ownership. This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in Acuity Brands' future performance.

Why It Matters

Large institutional ownership changes can influence stock price and reflect a major investor's view on the company's prospects, potentially signaling a bullish outlook for Acuity Brands.

Risk Assessment

Risk Level: low — This filing indicates increased institutional ownership, which is generally seen as a positive sign and reduces risk.

Analyst Insight

A smart investor would view this increased institutional ownership by FMR LLC as a positive signal, potentially indicating a strong belief in Acuity Brands' long-term value, and might consider further research into AYI's fundamentals.

Key Numbers

3,466,829 — Shares Beneficially Owned (Represents the total number of Acuity Brands common stock shares FMR LLC and Abigail P. Johnson beneficially own.)
11.228% — Percent of Class (Indicates the significant portion of Acuity Brands' common stock now held by FMR LLC and Abigail P. Johnson.)
00508Y102 — CUSIP Number (Unique identifier for Acuity Brands Inc. common stock, ensuring the correct security is identified.)
20240209 — Filed As Of Date (The date this amendment to the SC 13G filing was made, providing a timestamp for the ownership data.)

Key Players & Entities

FMR LLC (company) — reporting person and parent holding company
Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
ACUITY BRANDS INC (company) — subject company, issuer of common stock
3,466,829 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
11.228% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson

Forward-Looking Statements

Acuity Brands Inc. (AYI) stock may experience increased investor confidence due to the significant institutional ownership disclosed by FMR LLC. (ACUITY BRANDS INC) — medium confidence, target: Within 3-6 months
FMR LLC will likely maintain a significant, active role in Acuity Brands Inc. as a major shareholder. (FMR LLC) — high confidence, target: Ongoing

FAQ

Who are the primary reporting persons in this SC 13G/A filing?

The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.

What is the total number of Acuity Brands Inc. common stock shares beneficially owned by FMR LLC and Abigail P. Johnson?

According to Item 4(a) and Item 9 for both reporting persons, they beneficially own 3,466,829 shares of Acuity Brands Inc. common stock.

What percentage of Acuity Brands Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?

Both FMR LLC and Abigail P. Johnson report owning 11.228% of the class, as detailed in Item 11 for each reporting person.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing.

What is the CUSIP number for the Acuity Brands Inc. common stock mentioned in this filing?

The CUSIP number for the common stock is #00508Y102, as stated in the filing under 'Cusip #00508Y102' and Item 2(e).

From the Filing

0000315066-24-001013.txt : 20240209 0000315066-24-001013.hdr.sgml : 20240209 20240209083554 ACCESSION NUMBER: 0000315066-24-001013 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24611336 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 ACUITY BRANDS INC COMMON STOCK Cusip #00508Y102 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) Cusip #00508Y102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 3,279,206 Item 6: 0 Item 7: 3,466,829 Item 8: 0 Item 9: 3,466,829 Item 11: 11.228% Item 12: HC Cusip #00508Y102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 3,466,829 Item 8: 0 Item 9: 3,466,829 Item 11: 11.228% Item 12: IN Item 1(a). Name of Issuer: ACUITY BRANDS INC Item 1(b). Address of Issuer's Principal Executive Offices: 1170 Peachtree Street N.E., SUITE 2300 Atlanta, GA 30309-7676 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 00508Y102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 3,466,829 (b) Percent of Class: 11.228% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3,466,829 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of ACUITY BRANDS INC. No one other person's interest in the COMMON STOCK of ACUITY BRANDS INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution