Handelsbanken Fonder AB Buys 7,800 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Handelsbanken Fonder AB boosted its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,700 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Handelsbanken Fonder AB’s holdings in Americold Realty Trust were worth $1,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COLD. FMR LLC raised its stake in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after acquiring an additional 3,844,603 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Americold Realty Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock valued at $110,255,000 after acquiring an additional 165,667 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Americold Realty Trust by 78.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,522,206 shares of the company’s stock valued at $53,975,000 after acquiring an additional 1,109,528 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Americold Realty Trust by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company’s stock valued at $53,367,000 after acquiring an additional 47,795 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Americold Realty Trust by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 1,272,052 shares of the company’s stock valued at $35,961,000 after acquiring an additional 48,525 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Down 0.8 %

Shares of NYSE COLD opened at $22.16 on Wednesday. The stock has a market capitalization of $6.30 billion, a P/E ratio of -65.16, a P/E/G ratio of 1.66 and a beta of 0.61. The company has a 50-day moving average price of $21.55 and a 200-day moving average price of $24.62. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -258.82%.

Insider Activity

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust 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 transaction, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on COLD shares. Scotiabank lowered their target price 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. Robert W. Baird lowered their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Citigroup lowered their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Barclays lowered their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Royal Bank of Canada lowered their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price 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.