Axa S.A. Sells 559,084 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Axa S.A. cut its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 91.4% during the second quarter, HoldingsChannel.com reports. The firm owned 52,736 shares of the company’s stock after selling 559,084 shares during the quarter. Axa S.A.’s holdings in Americold Realty Trust were worth $1,347,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth about $85,000. Signaturefd LLC raised its position in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Americold Realty Trust in the 2nd quarter valued at approximately $204,000. Finally, Norden Group LLC acquired a new position in Americold Realty Trust during the first quarter valued at approximately $220,000. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD opened at $27.79 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust, Inc. has a twelve month low of $21.87 and a twelve month high of $30.92. The stock has a market capitalization of $7.89 billion, a P/E ratio of -23.75, a P/E/G ratio of 1.90 and a beta of 0.60. The company has a 50 day moving average of $29.01 and a 200-day moving average of $26.43.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The business had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. During the same period last year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.17%. Americold Realty Trust’s payout ratio is presently -75.21%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COLD. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Monday, July 1st. Scotiabank raised their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Wells Fargo & Company boosted their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Truist Financial raised their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

About Americold Realty Trust

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.