KBC Group NV Has $242,000 Position in Americold Realty Trust, Inc. (NYSE:COLD)

KBC Group NV lifted its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 51.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,319 shares of the company’s stock after buying an additional 3,867 shares during the quarter. KBC Group NV’s holdings in Americold Realty Trust were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its position in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC increased its stake in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the period. Loomis Sayles & Co. L P acquired a new position in Americold Realty Trust in the 3rd quarter valued at $55,000. Blue Trust Inc. lifted its position in shares of Americold Realty Trust by 29.5% during the 3rd quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock valued at $110,000 after acquiring an additional 883 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Americold Realty Trust during the 3rd quarter worth $128,000. Institutional investors own 98.14% of the company’s stock.

Insider Buying and Selling

In other news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by insiders.

Americold Realty Trust Stock Performance

Shares of COLD opened at $21.65 on Wednesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $21.97 and its two-hundred day simple moving average is $25.43. Americold Realty Trust, Inc. has a 12 month low of $20.41 and a 12 month high of $30.45. The stock has a market capitalization of $6.15 billion, a P/E ratio of -21.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Americold Realty Trust, Inc. will post 1.37 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.07%. Americold Realty Trust’s payout ratio is presently -87.13%.

Analyst Ratings Changes

A number of brokerages have issued reports on COLD. Royal Bank of Canada reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Citigroup reduced their price objective on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Scotiabank decreased their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Finally, Barclays cut their price target on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

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.