Senior Vice President & Chief Financial Officer Karen Holcom has sold 7,745 shares of Acuity Brands Inc (AYI, Financial) on April 4, 2024, according to a recent SEC filing. The transaction was executed at an average price of $262.24 per share, resulting in a total value of approximately $2,031,708.80.
Acuity Brands Inc is a leading industrial technology company that designs, manufactures, and brings to market products and services including lighting and building management solutions. With a wide array of offerings, Acuity Brands Inc aims to transform the way people live, work, and play by providing brilliant solutions that create value and exceed customer expectations.
Over the past year, the insider has sold a cumulative total of 7,745 shares and has not made any share purchases. This latest transaction continues a trend observed over the past year, where there has been a total of 1 insider buy and 3 insider sells for Acuity Brands Inc.
On the day of the insider's recent sell, Acuity Brands Inc shares were trading at $262.24, giving the company a market capitalization of $8.374 billion.
The company's price-earnings ratio stands at 22.73, slightly above the industry median of 22.645 and also above the historical median price-earnings ratio for the company. This indicates a higher valuation compared to both the industry and the company's own historical valuation metrics.
According to the GuruFocus Value chart, with a share price of $262.24 and a GuruFocus Value of $201.36, Acuity Brands Inc has a price-to-GF-Value ratio of 1.3, suggesting that the stock is significantly overvalued based on its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider transactions, providing a visual representation of the buying and selling activities over the past year.
The GF Value image provides a graphical view of the stock's current valuation in relation to its intrinsic value as estimated by GuruFocus.
For more detailed information on insider transactions and the company's financial performance, interested parties can refer to the full SEC filing.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
