Acuity Brands, Inc. (AYI) Trading at $130.40 Forms Bearish Wedge Down Pattern

April 16, 2018 - By Vernon Rice

Acuity Brands, Inc. (NYSE:AYI) Corporate Logo

During Q4 2017 the big money sentiment increased to 0.95. That’s change of 0.11, from 2017Q3’s 0.84. 34 investors sold all, 134 reduced holdings as Acuity Brands, Inc. ratio increased. 102 rose positions while 57 funds amassed positions. Funds hold 42.13 million shares thus 1.49% more from 2017Q3’s 41.52 million shares.
Moreover, Sei Investments has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 700 shs. Fjarde Ap reported 12,799 shs. Moreover, Asset Mngmt One has 0.03% invested in Acuity Brands, Inc. (NYSE:AYI) for 67,063 shs. Nomura Asset Management Comm Limited holds 0.01% or 5,781 shs. Moreover, Suntrust Banks Inc has 0% invested in Acuity Brands, Inc. (NYSE:AYI) for 3,831 shs. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 2,016 shs. Fdx Advisors Inc holds 0.02% or 3,447 shs in its capital. 3 are owned by Tarbox Family Office Inc. Forte Adv holds 5,251 shs. Investec Asset Mngmt Limited accumulated 17,290 shs. Point72 Asset Limited Partnership stated it has 0.04% of its capital in Acuity Brands, Inc. (NYSE:AYI). Public Sector Pension Board holds 7,276 shs or 0.01% of its capital. Northwestern Mutual Wealth Mgmt holds 0% or 28 shs in its capital. Amundi Pioneer Asset has invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Thrivent For Lutherans has invested 0% in Acuity Brands, Inc. (NYSE:AYI).

The down wedge chart pattern that shows Acuity Brands, Inc. (AYI) has $123.88 PT or 5.00 % below today’s $130.40 price per share. At our $123.88 PT, the company worth will be $264.45M less.

On during the last trading session the stock decreased $0.27 or 0.21%, reaching $130.4.Currently Acuity Brands, Inc. is downtrending after 31.54% change in last April 16, 2017. AYI has also 208,748 shares volume. AYI underperformed by 43.09% the S&P 500.

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

Total analysts of 9 have positions in Acuity Brands (NYSE:AYI) as follows: 3 rated it a “Buy”, 1 with “Sell” and 5 with “Hold”. The positive are 33%. Since November 9, 2017 according to StockzIntelligence Inc Acuity Brands has 17 analyst reports. On Wednesday, April 4 the firm earned “Buy” rating by Cowen & Co. The stock rating was maintained by Roth Capital with “Sell” on Thursday, November 9. On Thursday, January 11 the stock of Acuity Brands, Inc. (NYSE:AYI) has “Hold” rating given by Seaport Global. On Wednesday, March 28 the stock of Acuity Brands, Inc. (NYSE:AYI) has “Hold” rating given by Wells Fargo. On Tuesday, January 9 the firm has “Hold” rating by Wells Fargo given. On Wednesday, December 13 Robert W. Baird maintained Acuity Brands, Inc. (NYSE:AYI) rating. Robert W. Baird has “Hold” rating and $178.0 target. On Friday, March 16 Robert W. Baird maintained the shares of AYI in report with “Hold” rating. On Tuesday, January 9 the stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Cowen & Co. On Tuesday, January 9 Robert W. Baird maintained Acuity Brands, Inc. (NYSE:AYI) with “Hold” rating. On Thursday, April 5 Wells Fargo maintained Acuity Brands, Inc. (NYSE:AYI) rating. Wells Fargo has “Hold” rating and $14000 target.

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

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