Northern Trust Corp Boosts Stock Position in Americold Realty Trust Inc. $COLD

Key Points

• Northern Trust Corp increased its stake in Americold Realty Trust by 14.7%, owning over 3 million shares valued at approximately $64.61 million by the end of the latest reporting period.
• Several institutional investors, including Barclays PLC and Raymond James Financial, have also adjusted their stakes in Americold Realty Trust, which is heavily owned by institutional investors at 98.14%.
• Americold Realty Trust reported a quarterly EPS of $0.36, surpassing estimates, though its revenue declined by 1.5% year-over-year.

Northern Trust Corp raised its position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,010,483 shares of the company's stock after buying an additional 385,811 shares during the quarter. Northern Trust Corp owned about 1.06% of Americold Realty Trust worth $64,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust during the first quarter valued at $36,000. Parallel Advisors LLC increased its holdings in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after acquiring an additional 847 shares in the last quarter. Assetmark Inc. increased its holdings 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 acquiring an additional 826 shares in the last quarter. Avalon Trust Co bought a new position in shares of Americold Realty Trust during the first quarter valued at $49,000. Finally, Spire Wealth Management bought a new position in shares of Americold Realty Trust during the first quarter valued at $52,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of COLD stock traded down $0.12 during trading hours on Friday, reaching $14.44. 6,248,160 shares of the company traded hands, compared to its average volume of 4,629,794. Americold Realty Trust Inc. has a 12-month low of $14.23 and a 12-month high of $29.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The company has a market cap of $4.11 billion, a P/E ratio of -75.97, a P/E/G ratio of 4.50 and a beta of 0.81. The firm has a 50-day moving average price of $15.90 and a 200 day moving average price of $18.29.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The firm had revenue of $650.75 million for the quarter, compared to analysts' expectations of $644.95 million. During the same period in the previous year, the firm earned $0.38 EPS. The business's quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on COLD. Wells Fargo & Company reduced their price target on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. KeyCorp reduced their price objective on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Barclays reduced their price objective on Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. downgraded Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $21.00 in a report on Monday, June 23rd. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.45.

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.