Envestnet Asset Management Inc. Increases Holdings in Americold Realty Trust Inc. (NYSE:COLD)

Envestnet Asset Management Inc. grew its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 982,803 shares of the company’s stock after buying an additional 125,232 shares during the quarter. Envestnet Asset Management Inc. owned 0.35% of Americold Realty Trust worth $21,091,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust in the 4th quarter worth about $25,000. Parallel Advisors LLC grew its stake in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Spire Wealth Management bought a new position in Americold Realty Trust in the 1st quarter worth about $52,000. Blue Trust Inc. grew its stake in Americold Realty Trust by 3,390.0% in the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company’s stock worth $60,000 after acquiring an additional 2,712 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Americold Realty Trust in the 4th quarter worth about $86,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COLD. KeyCorp dropped their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Scotiabank reiterated a “sector perform” rating and set a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Citigroup lowered their target price 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. Finally, Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $26.00 to $21.00 in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Insider Transactions at Americold Realty Trust

In other Americold Realty Trust news, CEO George F. Jr. Chappelle purchased 110,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 110,000 shares of the company’s stock, valued at $1,978,900. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jay Wells bought 10,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer directly owned 10,000 shares of the company’s stock, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.

Americold Realty Trust Stock Up 0.3%

Shares of NYSE COLD opened at $16.25 on Thursday. The company’s 50-day simple moving average is $16.97 and its 200-day simple moving average is $19.63. Americold Realty Trust Inc. has a 52-week low of $16.06 and a 52-week high of $30.45. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of -37.78, a price-to-earnings-growth ratio of 2.46 and a beta of 0.84. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative net margin of 4.58% and a negative return on equity of 3.60%. The company had revenue of $628.98 million during the quarter, compared to analyst estimates of $667.18 million. During the same quarter last year, the business earned $0.37 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.66%. Americold Realty Trust’s payout ratio is presently -213.95%.

About Americold Realty Trust

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.