Bfsg LLC Takes $153,000 Position in Americold Realty Trust Inc. (NYSE:COLD)

Bfsg LLC purchased a new stake in Americold Realty Trust Inc. (NYSE:COLD) during the first quarter, Holdings Channel reports. The institutional investor purchased 7,110 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in Americold Realty Trust during the fourth quarter valued at $25,000. Parallel Advisors LLC raised its position in shares of Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company’s stock worth $45,000 after purchasing an additional 847 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Americold Realty Trust by 1,081.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares in the last quarter. Vestcor Inc purchased a new position in Americold Realty Trust in the 4th quarter valued at about $86,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Americold Realty Trust in the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Buying and Selling at Americold Realty Trust

In related news, CFO Jay Wells bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares of the company’s stock, valued at approximately $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

Americold Realty Trust Trading Up 0.4%

Shares of COLD opened at $16.81 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $18.16 and a 200 day moving average price of $20.43. Americold Realty Trust Inc. has a 12-month low of $16.11 and a 12-month high of $30.45. The firm has a market capitalization of $4.79 billion, a P/E ratio of -39.09, a P/E/G ratio of 1.58 and a beta of 0.84.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, June 30th. This represents a $0.92 annualized dividend and a yield of 5.47%. Americold Realty Trust’s dividend payout ratio (DPR) is -213.95%.

Analyst Ratings Changes

COLD has been the subject of a number of research analyst reports. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Wells Fargo & Company reduced their price objective on Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. BNP Paribas Exane lowered Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Thursday, June 12th. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Finally, Barclays raised shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

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.