Impax Asset Management Group plc Sells 130,000 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Impax Asset Management Group plc trimmed its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,000 shares of the company’s stock after selling 130,000 shares during the quarter. Impax Asset Management Group plc owned about 0.09% of Americold Realty Trust worth $7,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. 1832 Asset Management L.P. grew its holdings in Americold Realty Trust by 9.2% in the first quarter. 1832 Asset Management L.P. now owns 438,289 shares of the company’s stock worth $10,922,000 after purchasing an additional 36,811 shares during the period. Centersquare Investment Management LLC increased its position in Americold Realty Trust by 100.3% during the 1st quarter. Centersquare Investment Management LLC now owns 1,798,751 shares of the company’s stock valued at $44,825,000 after buying an additional 900,815 shares in the last quarter. Sei Investments Co. raised its stake in Americold Realty Trust by 14.2% during the first quarter. Sei Investments Co. now owns 1,627,556 shares of the company’s stock valued at $40,559,000 after buying an additional 201,911 shares during the last quarter. Swiss National Bank boosted its holdings in Americold Realty Trust by 5.1% in the first quarter. Swiss National Bank now owns 559,700 shares of the company’s stock worth $13,948,000 after acquiring an additional 27,100 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Americold Realty Trust in the first quarter worth $1,401,000. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COLD has been the subject of several recent analyst reports. Scotiabank lifted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Barclays upped their target price on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird lifted their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

Americold Realty Trust Price Performance

NYSE COLD opened at $26.20 on Wednesday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of -25.94, a PEG ratio of 1.68 and a beta of 0.61. Americold Realty Trust, Inc. has a 1-year low of $21.87 and a 1-year high of $30.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.16 and a quick ratio of 0.16. The business’s fifty day moving average price is $27.67 and its 200-day moving average price is $26.86.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The firm had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Monday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Americold Realty Trust Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.