Acuity Brands, Inc. (AYI) Is At $129.72 Formed Wedge; Usd Partners Lpunits Representing Limited (USDP) Shorts Down By 27.78%

April 16, 2018 - By Richard Conner

Acuity Brands, Inc. (NYSE:AYI) Logo

Acuity Brands, Inc. (AYI) formed wedge down with $124.53 target or 4.00% below today’s $129.72 share price. Acuity Brands, Inc. (AYI) has $5.26B valuation. The stock decreased 0.73% or $0.95 during the last trading session, reaching $129.72. About 91,872 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.54% since April 16, 2017 and is downtrending. It has underperformed by 43.09% the S&P500.

Usd Partners Lpunits Representing Limited (NYSE:USDP) had a decrease of 27.78% in short interest. USDP’s SI was 57,200 shares in April as released by FINRA. Its down 27.78% from 79,200 shares previously. With 31,200 avg volume, 2 days are for Usd Partners Lpunits Representing Limited (NYSE:USDP)’s short sellers to cover USDP’s short positions. The SI to Usd Partners Lpunits Representing Limited’s float is 0.42%. The stock increased 0.97% or $0.1 during the last trading session, reaching $10.45. About 302 shares traded. USD Partners LP (NYSE:USDP) has declined 13.36% since April 16, 2017 and is downtrending. It has underperformed by 24.91% the S&P500.

Among 21 analysts covering Acuity Brands Inc. (NYSE:AYI), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Acuity Brands Inc. has $306 highest and $10500 lowest target. $221.38’s average target is 70.66% above currents $129.72 stock price. Acuity Brands Inc. had 67 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Sell” rating by TH Capital on Friday, January 27. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Canaccord Genuity on Thursday, October 6. The rating was maintained by Piper Jaffray on Saturday, August 22 with “Overweight”. The firm has “Hold” rating given on Thursday, April 5 by Wells Fargo. Wells Fargo maintained the stock with “Hold” rating in Tuesday, January 9 report. The firm has “Outperform” rating given on Tuesday, January 10 by Robert W. Baird. The firm earned “Buy” rating on Friday, September 30 by Williams Capital Group. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Buy” rating given on Wednesday, April 4 by Cowen & Co. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Outperform” rating by CLSA on Thursday, April 7. The company was maintained on Sunday, June 25 by Canaccord Genuity.

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.11, from 0.84 in 2017Q3. It increased, as 34 investors sold Acuity Brands, Inc. shares while 134 reduced holdings. 57 funds opened positions while 102 raised stakes. 42.13 million shares or 1.49% more from 41.52 million shares in 2017Q3 were reported. Pillar Pacific Cap Mgmt Limited Co has invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Ameriprise invested 0.08% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Barclays Public Ltd Com holds 0.01% or 34,875 shares in its portfolio. Legal And General Group Public Ltd Co reported 208,918 shares or 0.03% of all its holdings. Gabelli Funds invested in 17,500 shares or 0.02% of the stock. Envestnet Asset Management Incorporated has invested 0.01% in Acuity Brands, Inc. (NYSE:AYI). Meiji Yasuda Asset Co Ltd holds 0.03% or 1,985 shares in its portfolio. Guggenheim Cap Lc holds 0.08% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 201,192 shares. Peconic Partners Ltd Liability Corp invested in 0.1% or 4,000 shares. City Hldgs holds 25 shares. Financial Bank Of Nova Scotia invested in 0% or 5,541 shares. First Personal Financial Serv has 2,989 shares. 1,849 were reported by Virtus Investment Advisers. Millennium Mngmt Ltd Liability stated it has 262,256 shares or 0.06% of all its holdings. Utah Retirement holds 0.03% or 7,800 shares in its portfolio.

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