IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Americold Realty Trust Inc. (NYSE:COLD) by 21.8%, owning a total of 135,604 shares worth approximately $2.91 million after purchasing an additional 24,256 shares.
• Insider purchases included CEO George F. Jr. Chappelle acquiring 110,000 shares at an average cost of $17.99, totaling nearly $1.98 million, and CFO Jay Wells buying 10,000 shares at $17.91.
• Americold Realty Trust reported Q1 EPS of $0.34, which missed estimates, alongside a decline in revenue by 5.4% year-over-year, prompting several brokerages to downgrade their price targets.

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 21.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,604 shares of the company's stock after purchasing an additional 24,256 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Americold Realty Trust were worth $2,910,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COLD. Parallel Advisors LLC lifted its stake in Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after acquiring an additional 847 shares during the period. Assetmark Inc. lifted its position in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of Americold Realty Trust during the first quarter valued at about $49,000. Spire Wealth Management purchased a new stake in shares of Americold Realty Trust during the first quarter valued at about $52,000. Finally, Blue Trust Inc. lifted its position in shares of Americold Realty Trust by 3,390.0% during the first quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock valued at $60,000 after buying an additional 2,712 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Americold Realty Trust

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

Americold Realty Trust Trading Down 1.6%

NYSE:COLD traded down $0.26 on Wednesday, reaching $16.19. 4,427,903 shares of the company's stock were exchanged, compared to its average volume of 3,297,074. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of -37.64, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81. The business has a fifty day moving average of $16.66 and a 200-day moving average of $19.14. Americold Realty Trust Inc. has a 52-week low of $15.45 and a 52-week high of $29.81.

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

Americold Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 5.7%. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on COLD. Scotiabank restated a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Wells Fargo & Company dropped their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock 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 target price on the stock. in a research report on Thursday, June 12th. Robert W. Baird decreased their target price on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered Americold Realty Trust from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.92.

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.