Wedmont Private Capital Buys 4,870 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Wedmont Private Capital increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 55.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,667 shares of the company’s stock after acquiring an additional 4,870 shares during the period. Wedmont Private Capital’s holdings in Americold Realty Trust were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after purchasing an additional 3,844,603 shares during the period. Darlington Partners Capital Management LP raised its stake in Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares during the period. Long Pond Capital LP raised its stake in Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock valued at $112,001,000 after buying an additional 123,440 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Americold Realty Trust by 4.4% in 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 buying an additional 165,667 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Americold Realty Trust by 9.0% during the 2nd quarter. Millennium Management LLC now owns 3,590,968 shares of the company’s stock worth $91,713,000 after acquiring an additional 297,326 shares during the period. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $21.39 on Friday. The business has a fifty day moving average price of $22.19 and a two-hundred day moving average price of $25.92. The stock has a market capitalization of $6.08 billion, a PE ratio of -21.18, a P/E/G ratio of 1.55 and a beta of 0.61. 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, Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. During the same period last year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts predict that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Americold Realty Trust’s dividend payout ratio (DPR) is -87.13%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COLD. Royal Bank of Canada cut their price target on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank cut 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. Raymond James decreased their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Citigroup decreased their target price 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.17.

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.