Acuity Brands Inc (AYI): Mark A Black , EVP of Acuity Brands Inc sold 2,678 shares on Apr 11, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $248.16 per share for a total value of $664,572.50.
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.
Currently the company Insiders own 2.4% of Acuity Brands shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 796.36%.Institutional Investors own 90.84% of Acuity Brands shares.During last six month period, the net percent change held by insiders has seen a change of -5.38%.
Shares of Acuity Brands (AYI) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -1.95 points or -0.78% at $248.17 with 4,67,325 shares getting traded. Post opening the session at $251, the shares hit an intraday low of $247.4 and an intraday high of $253.53 and the price vacillated in this range throughout the day. The company has a market cap of $10,876 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 $258.1189 and the 52-week low is $164.355.
On Apr 1, 2016, Acuity Brands announced a cash dividend of $0.1300. The company’s management has announced Apr 14, 2016 as the ex-dividend date and fixed the record date on Apr 18, 2016. The payable date has been fixed on May 2, 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.