Discussion stirs around Acuity Brands, Inc. (NYSE:AYI) this week; here is what analysts are saying.

July 11, 2018 - By Nellie Frank

Acuity Brands, Inc. (NYSE:AYI) LogoInvestors sentiment increased to 1.1 in Q1 2018. Its up 0.15, from 0.95 in 2017Q4. It increased, as 55 investors sold Acuity Brands, Inc. shares while 107 reduced holdings. 61 funds opened positions while 118 raised stakes. 42.61 million shares or 1.13% more from 42.13 million shares in 2017Q4 were reported.
Carroll Fin Associates has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 146 shares. Oregon Employees Retirement Fund accumulated 0.02% or 10,486 shares. Riverhead Capital Limited Liability Com invested in 0.02% or 2,606 shares. Wellington Limited Liability Partnership holds 0% or 5,218 shares. M&T Savings Bank Corporation has invested 0% in Acuity Brands, Inc. (NYSE:AYI). City Holdings holds 25 shares. Arizona State Retirement System owns 10,481 shares. Hartford Mgmt invested in 7,977 shares or 0.02% of the stock. 10,000 were accumulated by Kerrisdale Advisers Lc. Sg Americas Securities has 0.02% invested in Acuity Brands, Inc. (NYSE:AYI) for 18,980 shares. Massachusetts-based Amundi Pioneer Asset has invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Autus Asset Mgmt Ltd Co holds 0.07% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 2,808 shares. Bluemountain Mngmt Ltd Liability Co invested in 25,167 shares or 0.08% of the stock. Stevens Mgmt L P holds 0.11% or 20,871 shares. Aviva Pcl, United Kingdom-based fund reported 21,209 shares.

Since May 3, 2018, it had 2 insider buys, and 0 sales for $713,970 activity. DILLARD GEORGE DOUGLAS JR had bought 5,000 shares worth $563,800.

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Among 6 analysts covering Acuity Brands (NYSE:AYI), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Acuity Brands had 9 analyst reports since March 16, 2018 according to SRatingsIntel. The company was maintained on Thursday, July 5 by JMP Securities. Wells Fargo maintained Acuity Brands, Inc. (NYSE:AYI) rating on Wednesday, March 28. Wells Fargo has “Hold” rating and $15700 target. The firm earned “Sell” rating on Monday, April 2 by Roth Capital. Cowen & Co maintained it with “Buy” rating and $19000 target in Wednesday, April 4 report. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, April 4 report. Wells Fargo maintained the shares of AYI in report on Thursday, April 5 with “Hold” rating. Robert W. Baird maintained Acuity Brands, Inc. (NYSE:AYI) on Friday, March 16 with “Hold” rating. JMP Securities upgraded the stock to “Market Outperform” rating in Thursday, April 5 report. The rating was downgraded by William Blair to “Market Perform” on Thursday, March 22. Below is a list of Acuity Brands, Inc. (NYSE:AYI) latest ratings and price target changes.

05/07/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $150 New Target: $154 Maintain
05/04/2018 Broker: Wells Fargo Rating: Hold New Target: $140.0000 Maintain
04/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $145.0000 Maintain
04/04/2018 Broker: Cowen & Co Rating: Buy New Target: $190.0000 Maintain
05/04/2018 Broker: JMP Securities Old Rating: Market Perform New Rating: Market Outperform Upgrade
02/04/2018 Broker: Roth Capital Rating: Sell New Target: $105.0000 Maintain
28/03/2018 Broker: Wells Fargo Rating: Hold New Target: $157.0000 Maintain
22/03/2018 Broker: William Blair Old Rating: Outperform New Rating: Market Perform Downgrade
16/03/2018 Broker: Robert W. Baird Rating: Hold New Target: $168.0 Maintain

The stock increased 1.54% or $2.01 during the last trading session, reaching $132.66. About 1.44M shares traded or 46.71% up from the average. Acuity Brands, Inc. (NYSE:AYI) has declined 28.09% since July 11, 2017 and is downtrending. It has underperformed by 40.66% the S&P500.

Acuity Brands, Inc. designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company has market cap of $5.27 billion. The firm offers lighting and controls products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, daylighting, special-us, street and roadway, parking garage, and underwater lighting; area pedestrian, flood, and decorative site lighting; landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems. It has a 16.57 P/E ratio. It also provides modular wiring products, light emitting diode drivers, glass products, and inverters; and services across applications that primarily relate to monitoring and controlling lighting systems through network technologies and the commissioning of control systems.

More recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Seekingalpha.com which released: “Acuity Brands, Inc. (Holding Company) (AYI) CEO Vern Nagel on Q3 2018 Results – Earnings Call Transcript” on July 03, 2018. Also Prnewswire.com published the news titled: “Acuity Brands Applauded by Frost & Sullivan for Enhancing IoT Applications for Connected Buildings” on July 10, 2018. Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Acuity Brands Beats Q3 Expectations” with publication date: July 03, 2018 was also an interesting one.

Acuity Brands, Inc. (NYSE:AYI) Ratings Chart

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