Acuity Brands Inc (AYI) Files Form 4 Insider Selling : Vernon J Nagel Sells 8,865 Shares

Acuity Brands Inc (AYI): Vernon J Nagel , Chairman, President, and CEO of Acuity Brands Inc sold 8,865 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $259.24 per share for a total value of $2,298,162.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 14, 2016, Peter C Browning (director) sold 629 shares at $256.05 per share price.On Apr 12, 2016, Mark A Black (EVP) sold 2,678 shares at $248.16 per share price.Also, On Feb 9, 2016, W. Patrick Battle (director) purchased 1,314 shares at $189.98 per share price.On Nov 16, 2015, Richard K Reece (EVP/Chief Financial Officer) sold 8,394 shares at $217.00 per share price.

Shares of Acuity Brands (AYI) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -1.97 points or -0.76% at $255.6 with 3,34,824 shares getting traded. Post opening the session at $257.57, the shares hit an intraday low of $254.0201 and an intraday high of $258.75 and the price vacillated in this range throughout the day. The company has a market cap of $11,202 M and the number of outstanding shares has been calculated to be 4,38,25,618 shares. The 52-week high of Acuity Brands is $260.8289 and the 52-week low is $164.38.

Acuity Brands Money Flow Index Chart

Company has been under the radar of several Street Analysts.Acuity Brands is Downgraded by Credit Agricole to Outperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 7, 2016.Acuity Brands is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 269 from a previous price target of $247 .The Rating was issued on Apr 7, 2016.Acuity Brands is Reiterated by Canaccord Genuity to Buy while Lowering the Price Target of the company shares to $ 247 from a previous price target of $265 . The Rating was issued on Apr 4, 2016.Acuity Brands is Initiated by Credit Agricole to Buy and the brokerage firm has set the Price Target at $240. The Rating was issued on Feb 25, 2016.Acuity Brands is Reiterated by Oppenheimer to Outperform while Lowering the Price Target of the company shares to $ 245 from a previous price target of $265 . The Rating was issued on Feb 12, 2016.

Acuity Brands Inc. (Acuity Brands) is the parent company of Acuity Brands Lighting Inc. (ABL) and other subsidiaries. Acuity Brands is a 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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