Envestnet Asset Management Inc. Grows Stake in Americold Realty Trust Inc. (NYSE:COLD)

Envestnet Asset Management Inc. increased its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 982,803 shares of the company's stock after acquiring an additional 125,232 shares during the period. Envestnet Asset Management Inc. owned about 0.35% of Americold Realty Trust worth $21,091,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Americold Realty Trust during the fourth quarter valued at $980,000. Teacher Retirement System of Texas grew its holdings in Americold Realty Trust by 270.7% during the first quarter. Teacher Retirement System of Texas now owns 104,330 shares of the company's stock valued at $2,239,000 after purchasing an additional 76,183 shares during the period. Chilton Capital Management LLC grew its holdings in Americold Realty Trust by 12.1% during the first quarter. Chilton Capital Management LLC now owns 553,751 shares of the company's stock valued at $11,997,000 after purchasing an additional 59,720 shares during the period. JPMorgan Chase & Co. grew its holdings in Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after purchasing an additional 1,678,949 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Americold Realty Trust by 2.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,573,754 shares of the company's stock valued at $55,233,000 after purchasing an additional 51,548 shares during the period. 98.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Citigroup reduced their target price on Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Robert W. Baird reduced their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.00.

Insider Transactions at Americold Realty Trust

In other news, CEO George F. Jr. Chappelle bought 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought 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 directly owned 110,000 shares of the company's stock, valued at approximately $1,978,900. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief financial officer owned 10,000 shares of the company's stock, valued at approximately $179,100. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Americold Realty Trust Stock Performance

Shares of COLD stock traded down $0.19 during mid-day trading on Friday, reaching $16.15. 1,516,356 shares of the company's stock traded hands, compared to its average volume of 2,401,806. Americold Realty Trust Inc. has a 12 month low of $16.06 and a 12 month high of $30.45. The firm has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $19.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $4.60 billion, a PE ratio of -37.56, a price-to-earnings-growth ratio of 2.48 and a beta of 0.84.

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

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

About Americold Realty Trust

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.