Massachusetts Financial Services Co. MA Acquires 3,603,716 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Massachusetts Financial Services Co. MA raised its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 649.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,158,779 shares of the company's stock after acquiring an additional 3,603,716 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.46% of Americold Realty Trust worth $89,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in Americold Realty Trust in the 4th quarter valued at about $25,000. Parallel Advisors LLC grew 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 buying an additional 847 shares during the period. Spire Wealth Management acquired a new stake in shares of Americold Realty Trust during the 1st quarter worth approximately $52,000. Blue Trust Inc. grew its position in shares of Americold Realty Trust by 3,390.0% during the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock worth $60,000 after buying an additional 2,712 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jay Wells acquired 10,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the acquisition, the chief financial officer directly owned 10,000 shares in the company, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George F. Jr. Chappelle acquired 110,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the acquisition, the chief executive officer owned 110,000 shares of the company's stock, valued at approximately $1,978,900. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COLD. BNP Paribas Exane cut shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Thursday, June 12th. JPMorgan Chase & Co. cut shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $24.00 to $21.00 in a research report on Monday, June 23rd. Robert W. Baird lowered their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. KeyCorp lowered their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Finally, Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Americold Realty Trust Stock Down 1.2%

COLD traded down $0.19 during trading on Friday, reaching $16.15. The company had a trading volume of 1,516,356 shares, compared to its average volume of 2,405,121. The business's fifty day moving average price is $16.93 and its 200 day moving average price is $19.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $4.60 billion, a P/E ratio of -37.56, a PEG ratio of 2.45 and a beta of 0.84. Americold Realty Trust Inc. has a 12 month low of $16.06 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 5.70%. Americold Realty Trust's payout ratio is -213.95%.

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.