Price Don’t Lie: Acuity Brands, Inc.’s Trend Down, Especially After Today’s Weak Session

Price Don't Lie: Acuity Brands, Inc.'s Trend Down, Especially After Today's Weak Session

The stock of Acuity Brands, Inc. (NYSE:AYI) is a huge mover today! The stock decreased 4.72% or $12.05 on October 5, hitting $242.99. About 2.54 million shares traded hands or 814.12% up from the average. Acuity Brands, Inc. (NYSE:AYI) has risen 15.72% since March 2, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.
The move comes after 5 months negative chart setup for the $10.32 billion company. It was reported on Oct, 5 by Barchart.com. We have $228.41 PT which if reached, will make NYSE:AYI worth $619.20 million less.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Out of 10 analysts covering Acuity Brands Inc. (NYSE:AYI), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Acuity Brands Inc. has been the topic of 17 analyst reports since August 21, 2015 according to StockzIntelligence Inc. As per Monday, November 30, the company rating was maintained by Canaccord Genuity. The firm has “Outperform” rating given on Tuesday, December 1 by Oppenheimer. The firm has “Buy” rating by Canaccord Genuity given on Monday, January 11. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Neutral” rating by Roth Capital on Thursday, August 25. On Friday, September 23 the stock rating was initiated by Canaccord Genuity with “Buy”. The firm has “Buy” rating given on Friday, September 30 by Williams Capital Group. The firm earned “Overweight” rating on Saturday, August 22 by Piper Jaffray. CLSA downgraded the stock to “Outperform” rating in Thursday, April 7 report. TH Capital initiated the stock with “Neutral” rating in Thursday, August 25 report. The firm has “Outperform” rating given on Friday, February 12 by Oppenheimer.

According to Zacks Investment Research, “Acuity Brands, Inc. is comprised of the Acuity Lighting Group and Acuity Specialty Products. The Acuity Lighting Group is the world’s largest lighting fixture manufacturer and includes brands such as Lithonia Lighting, Holophane, Peerless, and Hydrel. Acuity Specialty Products is a leading provider of specialty chemicals and includes brands such as Zep, Enforcer, and Selig.”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.04, from 0.99 in 2016Q1. The ratio increased, as 38 funds sold all Acuity Brands, Inc. shares owned while 162 reduced positions. 79 funds bought stakes while 127 increased positions. They now own 39.63 million shares or 8.26% less from 43.20 million shares in 2016Q1.
Old Mutual Customised Solutions (Proprietary) Limited accumulated 0.04% or 700 shares. Davis R M Incorporated holds 1.63% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 134,084 shares. Geode Mgmt Ltd last reported 378,271 shares in the company. Metropolitan Life Ny accumulated 0.05% or 24,605 shares. The California-based Blackrock Institutional Tru Na has invested 0.05% in Acuity Brands, Inc. (NYSE:AYI). The Massachusetts-based Rhumbline Advisers has invested 0.05% in Acuity Brands, Inc. (NYSE:AYI). Moreover, Bancorp Of New York Mellon has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI) for 366,670 shares. Jacobus Wealth Management last reported 1,120 shares in the company. The Pennsylvania-based Federated Pa has invested 0.24% in Acuity Brands, Inc. (NYSE:AYI). Sumitomo Mitsui Asset Management holds 0.02% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 3,301 shares. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.05% in Acuity Brands, Inc. (NYSE:AYI). Origin Asset Mngmt Llp accumulated 59,510 shares or 0.99% of the stock. Northern Corporation has 0.04% invested in the company for 505,303 shares. 1St Glob reported 1,343 shares or 0.05% of all its holdings. Moreover, Principal Financial Grp Inc has 0.02% invested in Acuity Brands, Inc. (NYSE:AYI) for 67,799 shares.

Insider Transactions: Since April 11, 2016, the stock had 0 insider purchases, and 8 selling transactions for $42.73 million net activity. $17.46M worth of Acuity Brands, Inc. (NYSE:AYI) was sold by NAGEL VERNON J on Monday, July 11. Black Mark A sold 2,678 shares worth $664,572. 33,430 shares with value of $9.00M were sold by REECE RICHARD K on Monday, July 11. ROBINSON RAY M sold $195,360 worth of stock or 786 shares. 629 shares with value of $161,055 were sold by BROWNING PETER C on Thursday, April 14.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Wsj.com which released: “Acuity Brands Growth Less Than Expected” on October 05, 2016, also Benzinga.com with their article: “Keep an Eye on These 7 Stocks for October 5, 2016” published on October 05, 2016, Fool.com published: “Why Baker Hughes, LGI Homes, and Acuity Brands Jumped Today” on April 06, 2016. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Marketwatch.com and their article: “Acuity Brands profit lifted by acquisitions” published on April 06, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Acuity Brands Inc., 70.0% Follow-Through Indicator …” with publication date: June 29, 2016.

AYI Company Profile

Acuity Brands, Inc. (Acuity Brands), incorporated on September 20, 2007, is the parent firm of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a well-known provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Company’s lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.

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