Reinhart Partners LLC. Decreases Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Reinhart Partners LLC. lessened its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.5% during the first quarter, HoldingsChannel.com reports. The fund owned 443,085 shares of the company’s stock after selling 11,560 shares during the quarter. Reinhart Partners LLC.’s holdings in Americold Realty Trust were worth $9,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in Americold Realty Trust during the fourth quarter valued at approximately $25,000. Parallel Advisors LLC lifted its holdings 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 valued at $45,000 after buying an additional 847 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after buying an additional 2,033 shares during the period. Vestcor Inc purchased a new position in shares of Americold Realty Trust in the 4th quarter worth $86,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Americold Realty Trust in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Activity at Americold Realty Trust

In other news, CFO Jay Wells bought 10,000 shares of the stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $179,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George F. Jr. Chappelle bought 110,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired 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 now owns 110,000 shares of the company’s stock, valued at $1,978,900. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $17.20 on Friday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of -50.59, a PEG ratio of 1.66 and a beta of 0.95. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $18.43 and its 200-day simple moving average is $20.75. Americold Realty Trust, Inc. has a 52 week low of $16.11 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $628.98 million during the quarter, compared to analysts’ expectations of $667.18 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.35%. Americold Realty Trust’s dividend payout ratio is -213.95%.

Analyst Ratings Changes

COLD has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Americold Realty Trust from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Barclays upgraded shares of Americold Realty Trust from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $26.00 to $21.00 in a research note on Wednesday, April 9th. Citigroup cut their target price on shares of Americold Realty Trust from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Scotiabank reiterated a “sector perform” rating and issued a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Finally, Wells Fargo & Company cut their price objective on shares of Americold Realty Trust from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.09.

Americold Realty Trust 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.