Shares are trading at $198.18 which is just a bit higher than $174.08, the 50 day moving average and which is a tad under the 200 day moving average of $198.22. The 50 day moving average moved up $24.10 and the 200 day average was down $-0.04. (NYSE:AYI) shares saw light trading volume with 356K shares changing hands on Thursday. Trading volume was down 27.77% under the stocks average daily volume.
Here is the rundown on market activity for Acuity Brands Inc (Holding Comp (NYSE:AYI). Peter C. Browning, Director disclosed the sale of 970 shares of (AYI). The shares were sold on July 6th for an average price of $200.05. Browning now owns $200,050 of the stock according to the SEC filing. Mark A. Black, EVP reported the sale of 14,306 shares of AYI stock. The shares were purchased at an average price of $243.05. The EVP now owns $9,335,551 of the stock per the Form 4 SEC filing.
Richard K. Reece, EVP/Chief Financial Officer let go of $8,995,010 worth of shares at an average price of $269.07 on July 11th. That brings the EVP/Chief Financial Officer’s holdings to $33,988,922 as reported to the SEC.
Here are a few other firms who have also updated their positions. Clinton Group Inc bolstered its ownership by buying 1,284 shares an increase of 68.2% in the quarter. Clinton Group Inc claims 3,167 shares valued at $646,000. The total value of its holdings increased 48.5%. As of quarter end Creative Planning had sold a total of 62 shares trimming its position 1.9%. The value of the investment in AYI decreased from $650,000 to $635,000 a change of 2.3% for the reporting period.
Gateway Investment Advisers LLC trimmed its position by shedding 39 shares a decrease of 1.2% as of 06/30/2017. Gateway Investment Advisers LLC controls 3,106 shares with a value of $631,000. The value of the position overall is down by 1.7%. As of the end of the quarter Lathrop Investment Management Corp had acquired 1,019 shares growing its holdings by 1.6%. The value in dollars went from $12,782,000 to $12,944,000 increasing 1.3% quarter over quarter.
On July 11 analysts at Wolfe Research began coverage giving it an initial rating of “Outperform”. On June 30 Deutsche Bank held the stock rating at “Buy” but lowered the price expectation from $300.00 to $245.00.
June 30 investment analysts at JMP Securities held the company rating at “Buy” and raised the price target to $245.00 from $200.00. Equity analyst JMP Securities initiated coverage on AYI with a rating of “Market Underperform”.
On November 22, 2016 Deutsche Bank began coverage of the stock by announcing an initial rating of “Buy”. Seaport Global released its first research report on the stock setting a rating of “Buy”.
The company is down since yesterday’s close of $199.41. Acuity Brands Inc (Holding Comp recently declared a dividend for shareholders payable on Tuesday August 1st, 2017. The dividend payment will be $0.130 per share for the quarter or $0.52 on an annualized basis. This dividend amount will represent a yeild of $0.26. The ex-dividend date will be Wednesday April 12th, 2017.
The most current P/E ratio is 27.64 and the market value is 8.54B. In the last earnings report the EPS was $7.17 and is expected to be $8.31 for the current year with 43,099,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $2.24 with next year’s EPS projected to be $9.39.
Acuity Brands, Inc., launched on September 20, 2007, is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Business’s lighting and building management solutions vary from individual devices to intelligent network systems. Its individual devices include luminaires, lighting controls, lighting components, controllers for various building systems (including heating, ventilation and air conditioning (HVAC), lighting, shades and access control), power supplies and prismatic skylights. The Business’s lighting and building management solutions are marketed under various brand names, including Lithonia Lighting, Holophane, Peerless, Gotham, Mark Architectural Lighting, Winona Lighting, Juno, Indy, AccuLite, Aculux, Healthcare Lighting, Hydrel, American Electric Lighting, Carandini, Antique Street Lamps, Sunoptics, RELOC Wiring Solutions, eldoLED, Distech Controls and Acuity Controls. As of August 31, 2016, the Company manufactures products in 17 facilities in North America and three facilities in Europe..Advertisement