Parallel Advisors LLC Has $45,000 Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Parallel Advisors LLC raised its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 68.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,091 shares of the company’s stock after purchasing an additional 847 shares during the period. Parallel Advisors LLC’s holdings in Americold Realty Trust were worth $45,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in Americold Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock valued at $1,677,000 after purchasing an additional 644 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in Americold Realty Trust by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company’s stock valued at $2,674,000 after purchasing an additional 780 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Americold Realty Trust by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 25,257 shares of the company’s stock valued at $540,000 after purchasing an additional 1,045 shares in the last quarter. Garner Asset Management Corp increased its stake in Americold Realty Trust by 3.1% in the fourth quarter. Garner Asset Management Corp now owns 37,949 shares of the company’s stock valued at $812,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Americold Realty Trust in the fourth quarter valued at $25,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Trading Up 2.2%

NYSE:COLD opened at $17.20 on Monday. Americold Realty Trust, Inc. has a one year low of $16.11 and a one year high of $30.45. The company has a market cap of $4.90 billion, a PE ratio of -50.59, a PEG ratio of 1.66 and a beta of 0.84. The firm has a 50-day moving average of $18.43 and a 200-day moving average of $20.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm had revenue of $628.98 million for the quarter, compared to analysts’ expectations of $667.18 million. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.35%. The ex-dividend date is Monday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is presently -213.95%.

Analysts Set New Price Targets

Several research firms have weighed in on COLD. Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup decreased their price target on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Robert W. Baird decreased their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Scotiabank reissued a “sector perform” rating and set a $20.00 target price on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $26.09.

Insider Buying and Selling

In related news, CEO George F. Jr. Chappelle bought 110,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the purchase, the chief executive officer now directly owns 110,000 shares in the company, valued at $1,978,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jay Wells bought 10,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was bought at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by corporate insiders.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.