Americold Realty Trust, Inc. (NYSE:COLD) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,272,052 shares of the company’s stock after acquiring an additional 48,525 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of Americold Realty Trust worth $35,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COLD. Franklin Resources Inc. raised its holdings in shares of Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company’s stock worth $6,564,000 after purchasing an additional 30,831 shares in the last quarter. Tidal Investments LLC grew its position in Americold Realty Trust by 51.2% in the third quarter. Tidal Investments LLC now owns 91,203 shares of the company’s stock worth $2,578,000 after buying an additional 30,875 shares during the last quarter. TCW Group Inc. bought a new position in shares of Americold Realty Trust in the third quarter valued at $1,880,000. Barclays PLC lifted its position in shares of Americold Realty Trust by 22.3% during the 3rd quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after acquiring an additional 18,015 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Americold Realty Trust by 1.8% during the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after acquiring an additional 882 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COLD has been the subject of several analyst reports. Truist Financial reduced their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Scotiabank reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Citigroup dropped their target price on shares of 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. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Americold Realty Trust Trading Down 0.2 %

NYSE COLD opened at $21.58 on Tuesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust, Inc. has a 1-year low of $20.98 and a 1-year high of $30.59. The firm’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $26.17. The company has a market capitalization of $6.13 billion, a PE ratio of -21.37, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is -87.13%.

Insiders Place Their Bets

In other Americold Realty Trust 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 completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.