Charles Schwab Investment Management Inc. Has $110.26 Million Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Charles Schwab Investment Management Inc. raised its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,900,054 shares of the company’s stock after acquiring an additional 165,667 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Americold Realty Trust were worth $110,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COLD. Assetmark Inc. lifted its position in Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. raised its stake in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust in the second quarter valued at about $85,000. Finally, Signaturefd LLC boosted its position in shares of Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Stock Up 3.9 %

Shares of COLD stock opened at $24.00 on Tuesday. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of -23.76, a PEG ratio of 1.81 and a beta of 0.61. The firm’s 50-day moving average is $26.01 and its 200-day moving average is $26.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same quarter in the prior year, the company earned $0.32 EPS. Americold Realty Trust’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Americold Realty Trust, Inc. will post 1.39 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.22 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.67%. Americold Realty Trust’s dividend payout ratio is currently -87.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on COLD shares. Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Evercore ISI increased their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial lifted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, 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 for the company in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

Americold Realty Trust Company 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.