November 30, 2016 - By Peter Erickson · 0 Comments
Acuity Brands Inc (NYSE:AYI) institutional sentiment decreased to 0.92 in 2016 Q2. Its down -0.11, from 1.03 in 2016Q1. The ratio fall, as 206 investment professionals started new or increased positions, while 200 sold and decreased their stock positions in Acuity Brands Inc. The investment professionals in our partner’s database reported: 39.63 million shares, down from 43.20 million shares in 2016Q1. Also, the number of investment professionals holding Acuity Brands Inc in their top 10 positions increased from 9 to 10 for an increase of 1. Sold All: 38 Reduced: 162 Increased: 127 New Position: 79.
Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The company has a market cap of $11.18 billion. The Firm operates through North American segment. It has a 38.05 P/E ratio. The Firm offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
The stock closed at $252.16 during the last session. It is down 0.99% since April 27, 2016 and is downtrending. It has underperformed by 6.21% the S&P500.
Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on January, 13. They expect $2.09 earnings per share, up 26.67% or $0.44 from last year’s $1.65 per share. AYI’s profit will be $92.66M for 30.16 P/E if the $2.09 EPS becomes a reality. After $2.09 actual earnings per share reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
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.”
Domini Social Investments Llc holds 10.8% of its portfolio in Acuity Brands, Inc. for 1,016 shares. Lathrop Investment Management Corp owns 69,040 shares or 5.32% of their US portfolio. Moreover, Agf Investments America Inc. has 4.77% invested in the company for 42,469 shares. The Oregon-based Peregrine Asset Advisers Inc. has invested 4.63% in the stock. Jacobson & Schmitt Advisors Llc, a Wisconsin-based fund reported 21,896 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 insider sales for $30.79 million net activity.
Ratings analysis reveals 77% of Acuity Brands Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Acuity Brands Inc., 10 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $233 while the high is $306. The stock’s average target of $279.20 is 10.72% above today’s ($252.16) share price. AYI was included in 21 notes of analysts from August 21, 2015. The rating was downgraded by CLSA on Thursday, April 7 to “Outperform”. The firm earned “Buy” rating on Monday, January 11 by Stifel Nicolaus. The stock has “Neutral” rating given by Roth Capital on Thursday, August 25. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Overweight” rating by Piper Jaffray on Monday, November 23. The firm has “Neutral” rating given on Thursday, August 25 by TH Capital. The rating was maintained by Piper Jaffray on Saturday, August 22 with “Overweight”. The company was maintained on Monday, November 30 by Canaccord Genuity. On Tuesday, December 1 the stock rating was maintained by Oppenheimer with “Outperform”. The stock has “Buy” rating given by Williams Capital Group on Friday, September 30. The stock has “Buy” rating given by Canaccord Genuity on Thursday, October 6.
Acuity Brands, Inc., incorporated on September 20, 2007, is a well-known provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Firm operates through North American segment. The Company’s lighting and building management solutions vary from individual devices to intelligent network systems. The Company’s 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 Company’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 makes products in 17 facilities in North America and three facilities in Europe.
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 Forbes.com with their article: “RSI Alert: Acuity Brands (AYI) Now Oversold” published on October 05, 2016, Nasdaq.com published: “Acuity Brands, Inc. New nLight® AIR Wireless Controls Reduce Complexity and …” on October 12, 2016. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Forbes.com and their article: “Acuity Brands Becomes Oversold (AYI)” published on October 27, 2016 as well as Fool.com‘s news article titled: “Why Baker Hughes, LGI Homes, and Acuity Brands Jumped Today” with publication date: April 06, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Peter Erickson