Acuity Brands Inc (AYI) Files Form 4 Insider Selling : Ray M Robinson Sells 786 Shares

Acuity Brands Inc (AYI): Ray M Robinson , director of Acuity Brands Inc sold 786 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $248.55 per share for a total value of $195,360.30 , 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 25, 2016, Vernon J Nagel (Chairman, President, and CEO) sold 47,995 shares at $256.18 per share price.On Apr 14, 2016, Peter C Browning (director) sold 629 shares at $256.05 per share price.Also, On Apr 12, 2016, Mark A Black (EVP) sold 2,678 shares at $248.16 per share price.On Feb 9, 2016, W. Patrick Battle (director) purchased 1,314 shares at $189.98 per share price.

Acuity Brands: On Friday, Jul 1, 2016 heightened volatility was witnessed in Acuity Brands which led to swings in the share price. The shares opened for trading at $248.55 and hit $253.78 on the upside , eventually ending the session at $250.25, with a gain of 0.92% or 2.29 points. The heightened volatility saw the trading volume jump to 3,19,624 shares. The 52-week high of the share price is $264 and the company has a market cap of $10,983 M . The 52-week low of the share price is at $168.33.

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 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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