Raymond James & Associates Cuts Stock Holdings in Americold Realty Trust (NYSE:COLD)

view original post

Raymond James & Associates decreased its stake in shares of Americold Realty Trust (NYSE:COLD) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,279 shares of the company’s stock after selling 23,356 shares during the period. Raymond James & Associates owned about 0.05% of Americold Realty Trust worth $3,930,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Americold Realty Trust by 138.0% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 126,160 shares of the company’s stock valued at $4,775,000 after buying an additional 73,160 shares during the last quarter. LPL Financial LLC boosted its position in shares of Americold Realty Trust by 27.2% during the second quarter. LPL Financial LLC now owns 70,409 shares of the company’s stock valued at $2,665,000 after buying an additional 15,064 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Americold Realty Trust by 7.5% during the second quarter. MML Investors Services LLC now owns 27,456 shares of the company’s stock valued at $1,039,000 after buying an additional 1,924 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Americold Realty Trust by 5.2% during the second quarter. Great West Life Assurance Co. Can now owns 169,343 shares of the company’s stock valued at $6,406,000 after buying an additional 8,435 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Americold Realty Trust by 2.8% during the second quarter. Geode Capital Management LLC now owns 3,554,563 shares of the company’s stock valued at $134,540,000 after buying an additional 95,484 shares during the last quarter.

Several research analysts have weighed in on COLD shares. Wolfe Research started coverage on Americold Realty Trust in a research report on Monday, January 3rd. They issued a “market perform” rating and a $37.00 price objective on the stock. Royal Bank of Canada cut their price objective on Americold Realty Trust from $44.00 to $38.00 and set an “outperform” rating on the stock in a research report on Thursday, September 23rd. KeyCorp cut their price objective on Americold Realty Trust from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Barclays boosted their price objective on Americold Realty Trust from $30.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $36.00 price objective on shares of Americold Realty Trust in a research report on Wednesday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.75.

Shares of COLD opened at $31.00 on Monday. The firm has a market cap of $8.27 billion, a PE ratio of -103.33, a PEG ratio of 3.18 and a beta of 0.21. The stock’s fifty day moving average price is $31.70 and its two-hundred day moving average price is $34.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.19 and a quick ratio of 0.19. Americold Realty Trust has a 1 year low of $27.88 and a 1 year high of $40.85.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). Americold Realty Trust had a negative net margin of 2.64% and a negative return on equity of 1.73%. During the same period in the prior year, the business earned $0.30 EPS. Sell-side analysts anticipate that Americold Realty Trust will post 1.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Investors of record on Friday, December 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.84%. Americold Realty Trust’s payout ratio is -293.32%.

In related news, insider Kelly Hefner Barrett acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 8th. The shares were bought at an average cost of $29.19 per share, for a total transaction of $87,570.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

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 firm’s real estate portfolio.

Recommended Story: What is the Consumer Price Index (CPI)?

Want to see what other hedge funds are holding COLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Americold Realty Trust (NYSE:COLD).

Want More Great Investing Ideas?